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The sources added that a number of local and Gulf companies are competing to buy the Egyptian company, and among those offers is the Emirati food company Agthia, which also works in the water bottling activity.
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Abu Dhabi food and beverage company's revenue grew by more than 12% annually in the three-month period
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Exclusive: Company working to grow its revenue to $1.63 billion by 2025, chief executive says
It is finalizing majority stake sale of Egypt’s Auf Group to UAE-Based Agthia
Agthia has acquired 60 per cent of the Auf Group, with the Egyptian company's founders retaining a 30 per cent stake