Arla Foods has submitted a non-binding offer to acquire the majority shares in Egyptian dairy and manufacturer Arabian Food Industries Company, also known as Domty, with a price per share of 31.48 EGP (US$0.64).The dairy giant notes that it has valued Domty at approximately 8,897 million EGP or US$183 million based on the exchange rate for 100% of the shares. The precise number of shares Arla seeks to acquire has yet to be shared.
