date:Jul 14, 2014
Saudi Arabias Olayan Group acquired a majority stake in beverage maker Gulf Union Food Co. from shareholders including Jadwa Investment Co., as investors seek access to the kingdoms fast-growing consumer industry.
Olayan Financing Co., a unit of the Saudi group which is also the top shareholder in Credit Suisse Group AG, will buy a 51 percent stake in Gulf Union, the companies said today in a joint statement. Jadwas food and beverage opportunity fund will sell its 30 percent stake in the compan