Investment firm Pioneers Holding is reportedly set to make three more acquisitions this year in food and real estate.

The company, which won the takeover bid for Arab Dairy on 2 March, beating Lactalis with its offer of EGP71.11 per share (US$9.32)  has real estate, industrial and financial services operations.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Speaking to Reuters, Pioneers CEO Walid Zaki said he expected to close three more deals by the end of 2015 and would complete a capital increase of EGP3bn during the second quarter.

Pioneers Holding could not be reached for comment at time of press.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact