Savola : Savola Group explores sale of stake in Almarai

SAUDI ARABIA - Savola Group, a Saudi Arabian food processing company, is exploring options to sell its 34.52% stake in Saudi Arabian peer Almarai Co. The stake is estimated to be worth around US$5.4 billion based on recent trading. Savola Group is said to be working with US investment bank Moelis & Co. to identify...