Fast-growing biscuit manufacturer Sobco-Palmary asks Deloitte to help it find a new investor

摘要

Biscuit and sweets group Sobco, whosePalmary, Maxon and Caramelo brands havebecome very popular with shoppers, with itsproducts under the Palmary, Maxon and Caramelo brands, wants to open up itscapital. According to our sources, itscurrent shareholders, the brothersAbdelkrim Amrani and Ali Amrani andCEO Reda Turki, have commissionedDeloitte Algérie to find a strategic orfinancial investor capable of taking a stakeof up to 20% in the company's capital tohelp it realise its development plans. Severalinternational private equity firms and localinvestors have shown their interest, andshould submit their proposals any time now.