Saudi Sadafco to takeover Mlekoma

Saudi food producer Sadafco signed a non-binding agreement with Mlekoma shareholders to acquire a controlling stake in the dairy producer, the company said in a market filing. The deal will be finalized after the due diligence process. The estimated value of the deal is PLN 117 million. According to Sadafco the transaction is “as a strategic opportunity to invest in vertical integration, being a source of one of its key raw materials i.e. milk powder.”