Cairo – Mubasher: Juhayna Food Industries responded to news reports about ADQ considering a potential acquisition of a stake in the company.
The Egyptian firm said it hasn’t received any official offers or letters related to the matter, according to a statement to the Egyptian Exchange (EGX) on Thursday.
Any relevant developments will be disclosed to the EGX in a timely manner, the company said.
During the first nine months of 2020, Juhayna Food Industries achieved net profits of EGP 383.74 million, up from EGP 291 million in the year-ago period, including minority shareholders’ rights.
