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Ben Daoud unit wins dairy bid
Al Bunn Dawood Holding Company announced the award of a tender to its subsidiary, "Just and Joppen OÜ," for the purchase of assets of a dairy product manufacturing plant in Estonia, valued at €135.25 million. The agreement includes the purchase of real estate and operational assets, along with contractual rights and ownership shares in the plant's facilities. The plant holds a 15% market share in Estonia's cheese market and ranks fourth among competitors. The deal is expected to be finalized by August 14, 2026, after obtaining the necessary regulatory approvals. The transaction aims to leverage the plant's export capabilities and support Ben Dawood's international expansion efforts.
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