United Foods buys stake in Emirates Refreshments

United Foods buys stake in Emirates Refreshments

Emirates Refreshments’ capital amounts to AED 30 million (Photo Credit: Company Website)

30 June 2016 08:51 AM

ERC
ERC

-4.94% 2.31 -0.12

United Foods
UFC

4.17% 12.50 0.50

Dubai-Mubasher: United Foods Company acquired 20% of Emirates Refreshments’ capital, or 6 million shares, according to a bourse statement.

Emirates Refreshments’ capital amounts to AED 30 million, distributed on 30 million shares.

Mergers and Acquisitions Companies Investments

Source: Mubasher