date:Nov 30, 2014
forms in order to attract foreign investors to invest again in the country.
The bids from Kellogg's and Abraaj show that foreign investors are returning to the market.
Earlier this month, Abraaj secured approval from the Egyptian Financial Supervisory Authority to acquire 51% stake in Bisco Misr for $119m.
Bisco Misr then said that it was still possible for interested parties to bid for the acquisition.
With three baking facilities in Cairo and Alexandria, Bisco Misr manufactures and sells b