Saudi Almarai says acquisition of Jordan's Hammoudeh Food falls through
Almarai said it remains open to exploring future expansion opportunities.
Last October, Almarai said its subsidiary Teeba Investment for Developed Food Processing Company was looking to acquire the Jordanian dairy and cheese business 'subject to certain adjustments'. The transaction was to have been financed by Almarai's internal cash flows.
(Writing by Brinda Darasha; editing by Daniel Luiz)
brinda.darasha@lseg.com
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