Qalaa sells dairy company Enjoy and El Aguizy Int’l to Egyptian businessman, negates talks of NFPC acquisition
Qalaa Holdings’ (CCAP.CA) agri-food platform Gozour has signed a sale and purchase agreement to divest the Nile Company for Food Industries (Enjoy) and El Aguizy International for Economic Development to Egyptian businessman Kamal El Hagag, who previously purchased cheese company Al Misriyeen in December 2015. This puts to rest news that was circulated earlier this week that UAE’s NFPC is looking to acquire Enjoy which has been an idle asset since 2013. (Company disclosure)
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