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Abraaj Investment Management makes bid approach to Egypt's Bisco Misr

Reuters, Sunday 13 Jul 2014
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Abraaj Investment Management, an affiliate of United Arab Emirates's Abraaj Capital, has made an approach to buy at least a 51 percent stake in Egypt's sweet snack maker Bisco Misr, Bisco Misr said in a statement on Sunday.

"Abraaj Investment Egypt Limited have requested... to conduct (technical and financial) studies on the company with the intention of acquiring all its shares, with a minimum of a 51 percent stake," Bisco Misr said in the statement. 

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