Sunday 28 July 2019

#SaudiArabia to start next phase of flour mill privatization - Reuters

Saudi Arabia to start next phase of flour mill privatization - Reuters:

Saudi Arabia’s state grain buyer SAGO said it will start the next phase of the sale of its flour mills on Wednesday, which will see pre-qualified bidders perform due diligence and present financial offers.

The sale is one of the first privatizations the kingdom is planning as part of a wide-reaching overhaul of its economy.

It has attracted interest from some of the world’s largest agribusiness firms, including Archer Daniels Midland Co (ADM.N) and Bunge Ltd (BG.N).

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