Saudi Savola Weighs $5.4 Billion Almarai Stake Sale
- Stakeholders at food-processor tap Moelis for potential deal
- Savola may sell some or all of its 35% stake in Almarai
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Almarai Co.’s top investor confirmed that it’s exploring options for its $5.3 billion holding in the Middle East’s largest dairy firm, in what could be one of the region’s biggest merger and acquisition deals.
Saudi Arabian food-processor Savola Group said it’s working with Moelis & Co. to review strategic options for its 35% stake in Riyadh-based Almarai, confirming a Bloomberg report.