Arla is making a non-binding bid for a majority stake in Arab Dairy Products Company (ADPC.ca), a listed company based near Cairo. If the company is found to be sound and healthy, Arla looks set to become one of the top five or six players in the Egyptian dairy sector. A so-called due diligence phase is now commencing, where Arla, after having made a non-binding bid for up to 100 per cent of the shares, has access to detailed information about the more sensitive aspects of Arab Dairy's business which are not published in its annual reports. "Our bid is non-binding, but has now become official because Arab Dairy is listed on the Egyptian Exchange. The company seems well-aligned with our ambitions in Egypt, and we are now looking at the details before deciding whether or not to actually purchase a share of the business," says Rasmus Malmbak Kjeldsen who is Senior Vice President for Aria's business in Middle East & Africa.
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