September 15, 2021

UAE’s Aghtia completes acquisition of 75.02% stake in Atyab


ArabFinance: Matouk Bassiouny and Hennawy (MBH) announced that Agthia Group has completed the acquisition transaction of a 75.02% stake in Egypt’s Ismailia Agricultural and Industrial Investment, the owner of Atyab brand, according to a press release.

The shares have been transferred to Aghtia on Tuesday, September 14th, 2021, MBH added.

MBH and Freshfields Bruckhaus Deringer LLP acted as legal counsel to Aghtia, and EFG Hermes acted as the financial advisor.

Agthia Group, a leading food and beverage company based in Abu Dhabi,

In April, the board of directors of the leading Abu Dhabi-based food and beverage company Agthia approved to acquire a majority stake in Egypt-based Ismailia Agricultural and Industrial Investment, which owns the Atyab brand.

Founded in 2010, Atyab is the premier processes chicken and meat manufactured in the middle east region, producing thousands of tons monthly and growing every day by day as to satisfy the increasing customer demand.

arabfinance


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