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

-4.92% 2.51 -0.13

United Foods
UFC

2.38% 12.90 0.30

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.

Companies Investments Mergers and Acquisitions

Source: Mubasher