Economy Country February 20, 2025

Acquisition of Additional Stake in Abu Awaf Group

The Agthia Group announces its acquisition of an additional 10% stake in the Egyptian Abu Awaf Group, specializing in the food sector, enhancing its presence in the market.


Acquisition of Additional Stake in Abu Awaf Group

The international company "Agro" announced the acquisition of a supplementary package of actions at 10% in the Egyptian company Abu Auf Group, specializing in the production of food products.

This strategic decision allows the "Agro" group to strengthen its position in the market and expand the assortment of production. Company representatives noted that the deal will contribute to the development of both companies and the creation of new jobs.

"We are pleased to announce the increase in shareholding in Abu Auf Group. We are confident that this partnership will yield fruits and allow us to get even closer to our clients," noted a representative of the "Agro" group.

This event also triggered positive reactions in the market and among investors, who see in this step the company's potential for further growth and development.