Cairo – Mubasher: Orascom Investment Holding’s board of directors has hired a financial advisor, BDO Corporate Finance, to evaluate the shares of Nile Sugar Company.
The board also agreed to negotiate over a possible acquisition of the entire shares of the Egyptian sugar refiner, Orascom said in a filing to the Egyptian Exchange (EGX) on Thursday.
This comes within the framework of Orascom’s strategy to enter the food industry business.
Earlier this week, Orascom announced it was in talks to acquire a factory for juices and dairy production.
