FINANCIAL NEWS

Mezzan to acquire Red Bull distributor in UAE

21 Oct 2013

(MENAFN) Kuwait”s Mezzan Holding Co. is set to acquire Red Bull”s distributor in the UAE, Arabian Business reported.

A statement released by Mezzan and Invest AD said that Mezzan will buy Unitra Mets Group (UMG) from its current owner, Invest AD, but no financial details were released.

Investments in the Gulf Cooperation Council (GCC) consumer sector have been strong which caused an increase in mergers and acquisitions activity. Two years ago, Coca-Cola Co. purchased a USD980 million stake in the beverage company Aujan Industries.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more