Abraaj is reported to pay somewhere between EGP700-800 million for the 100% acquisition of Misr Café, as per the due diligence that had been recently finalised, according to related sources speaking to Al Borsa. Negotiations have been ongoing for six months and Al Borsa’s sources expect the deal to be finalised in 2Q2016 in what would count as Abraaj’s first investment in the Egyptian F&B market. Misr Café was established in 1984 as a private shareholding company. The company specializes in production of instant and roasted coffee with 5,200 tonnes/annum total capacity along with some other complimentary products. The company exports to 24 global markets, ten of which are within the MENA region. (Al Borsa)