Kraft Foods Bids for Egypt’s Bisco Misr, Al Mal Reports

Kraft is 3rd co. to make offer to buy Cairo-based food manufacturer Al Mal reports, citing unidentified people with knowledge of the deal. * Bisco says it’s rejected letters of intent from some investors to buy a stake: Al Mal citing co. statement * A possible Bisco Misr deal may be valued at 700m-800m Egyptian pounds: Al Mal * Investors that want to sell their stakes include Commercial International Bank, which holds 10.6% of Bisco: Al Mal * NOTE: Juhayna Food Industries said yday it made initial non-binding offer for Bisco NSN MOHAS61A1I4I <GO>

To contact the reporter on this story: Ahmed A. Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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