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 09:51 AM

ERC
ERC

-34.03% 1.90 -0.98

United Foods
UFC

0.00% 18.40 0.00

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.

Mergers and Acquisitions Companies Investments

Source: Mubasher