The Clap Qatari dairy producer “Baladna” is slowly but steadily increasing its stake in Juhayna.
The deets Baladna’s bought EGP 12.39 million worth of JUFO, increasing its stake from to 10.1%.
Why this matters Baladna has shown an appetite towards Juhayna recently. The company began amassed a 5% stake in Juhayna last March. Now that its stake stands at 10.1%, one can only wonder if the Qatari company is setting itself up for a potential merger or acquisition.