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

Data Insights

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 - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now