November 27, 2023

 

Mitsui places investment in Egypt's Wadi Poultry

 

 

 

Japanese conglomerate Mitsui & Co. has extended its reach into food with an undisclosed stake in Egypt-based Wadi Poultry.

 

Mitsui said it has concluded an agreement with Wadi and its "related subsidiaries" for the "share acquisition" but did not reveal the financial terms nor the size of the investment interest.

 

Giza, Egypt-based Wadi Poultry, part of the Wadi Group holding company, operates in three segments covering food production and the agri-sector, poultry processing and breeding, and animal feed.

 

Mazereh is the operation for food manufacturing and agri-food housing Wadi Food and Rula Farms. The food portfolio features olive oils and olives, pickles, pastes and vinegar.

 

Breeding and chicken farming is conducted by the Dawagen unit and animal feed comes under the Sina'at division.

 

"After the share acquisition, its [Wadi Poultry] holding company will become an associated company of Mitsui," the Japanese business said in a statement.

 

- Just Food

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