23 June 2016
National Food Products are understood to have abandoned current plans to sell a stake in the company. The sale was allegedly suspended after bidders questioned the value and cost of an expansion project. The project will go ahead without the equity funding. Private-equity firms KKR & Co., Blackstone Group LP, Dubai-based Fajr Capital as well as Saudi Arabian dairy company Almarai were reported to be interested in taking a stake in National Food. The sale was expected to value the business at around $1.5bn.
