The Clap
ADQ is looking at acquiring a government owned company that is in the sugar industry.
The Deets
ADQ is looking at Delta Sugar Company (SUGR) to acquire them within the coming few months.
They are currently making the necessary preparations and they are looking to align with the HCFI in order to make a formal offer for the acquisition of Delta Sugar Company.
The stake and price has not yet been determined and will become clear when a formal offer is made. The stock price of Delta Sugar Company closed at EGP 13.22, a 2.56% increase.
Who is ADQ?
ADQ is a leading investment company in the UAE. They have one of the most acquisitions in Egypt over the past 2 years, most recently in the process of acquiring Abu Auf.
ADQ studying yet another possible acquisition? 👀
