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.
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