Kellogg is looking at acquiring a majority stake in biscuit maker Bisco Misr

Kellogg is looking at acquiring a majority stake in biscuit maker Bisco Misr

Egyptian snack maker Bisco Misr has said cereal giant Kellogg is eyeing a majority stake in its business.

A statement issued by the biscuit maker on the Egyptian stock exchange yesterday, (31 August), said Kellogg is looking at acquiring at least 51% of shares in Bisco Misr.

In June last year, Egyptian dairy group Juhayna Food Industries made a takeover bid for Bisco Misr, which the company rejected.

No-one at Kellogg was immediately available for comment when approached by just-food.