Abraaj Investment Management

Kellogg raises stakes in bidding war over Egypt's Bisco Misr

Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr, intensifying a bidding war with the UAE's Abraaj Investment Management that has pushed up the offer price by more than 12 percent.

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Shareholders with 56 percent of Egypt's Bisco Misr agree to sell

Shareholders holding 56 percent of Egyptian snack maker Bisco Misr have agreed to sell their shares to United Arab Emirates-based Abraaj Investment Management, Bisco Misr said.

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