Kellanova sells majority stake in Egypt's Bisco-Misr [Yahoo! Finance]
Kellanova (K)
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Source: Yahoo! Finance
United Arab Emirates-headquartered conglomerate Hayel Saeed Anam Group (HSA) snapped up Kellanova's shares in the biscuit company yesterday (10 September). As the then Kellogg Company, Kellanova acquired Bisco-Misr in 2015 for a fee of $125m. The company said at the time the deal would help the Pringles owner expand its business in the Middle East. Established in 1957, Bisco-Misr has manufacturing plants in Cairo and Alexandria. Its brands include Bisco Tea, Nice, Maamoul, Marie, Bisco Wafers and Seasonal Kahk. HSA Group said the acquisition of Bisco-Misr will “help the group further develop their presence in Egypt and accelerate the internationalisation of Bisco-Misr's popular brands”. The multi-billion-dollar conglomerate already produces and sells biscuit brands under names like Abu Walad and Teashop. Muneer Hayel Saeed, a board member of HSA Group, said: “HSA Group is recognised across the Middle East for its wide expertise in the biscuits industry and its unwavering co
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News
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- Kellanova (NYSE: K) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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Earnings
- 11/1/24 - Beat
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Sec Filings
- 11/7/24 - Form 144
- 11/7/24 - Form 4
- 11/4/24 - Form 8-K
- K's page on the SEC website