FINANCIAL NEWS

Oman’s food& beverage sector deal value tops USD3.4bn

09 May 2017

(MENAFN) Food and beverage sector deal value for last year jumped to more than USD3.4bn, from only USD402mn the previous year, according to Merger market.

Moreover, four deals in the consumer sector have been proclaimed this year at USD104mn value with a strong pipeline projected for this year.

Additionally, deal value in the Food& Beverage subsector this year has been driven by consumer giant, Nestl”‘s, acquisition of Caravan Marketing Co. and others.

However, interest in the asset fell following Brazilian police reports exposed a criminal investigation of the nation”s meat industry.

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MENAFN0905201700450000ID1095462574

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