Refresco, Europe's largest juice and soft-drink bottler, said Wednesday it has launched negotiations with Paris-based investor PAI partners after receiving a 1.6 billion euro ($1.9 billion) takeover bid.
The Rotterdam-based company had "carefully reviewed" an offer which was "an unsolicited, indicative and conditional proposal from PAI," Refresco said in a statement.
Since the offer was made on October 3 contactsRead more
President Abdel Fattah El Sisi handed over on Wednesday contacts of newly-allocated factories to ten beneficiaries.
The new factories in Port Said cover the sectors of ready-made garments, footwear, customs clearance and soft drinks.
Source: MENARead more