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.
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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.
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