Ben Daoud subsidiary wins dairy bid
Al-Banadoud Holding Company announced the awarding of a bid to purchase the assets of a dairy products manufacturing plant owned by "ISE BEM ToTeam" in Estonia, for a sum of €135.25 million. The deal includes real estate, operational assets, contractual rights, and ownership stakes in the facilities, aimed at enhancing its export capabilities and achieving operational integration, as part of its international expansion strategy and diversification of revenue sources. The transaction is expected to be finalized by August 14, 2026, upon meeting the necessary regulatory conditions. The plant holds approximately a 15% market share in Estonia's cheese market.
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