Mubasher: Almarai Company has completed the acquisition of Bakemart UAE and Bakemart Bahrain in exchange for AED 93.5 million.
The company has concluded the sale and purchase agreement to acquire all shares in Bakemart UAE and Bakemart Bahrain, according to a bourse filing on Thursday.
Bakemart's businesses focus on the manufacturing and production of frozen bakery items.
It is noteworthy to mention that in March 2021, Almarai signed the sale and purchase agreement to acquire all shares in Bakemart in the UAE and Bahrain.
