Raya targets acquiring stake in Poland’s Makarony Polskie

Egyptian information technology firm, Raya Holding (RAYA.CA) Raya Holding announced its investment plan in a release sent to the Egyptian stock exchange (EGX), revealing talks with one of Poland-based Makarony Polskie SA’ shareholders that specialized in food industries, in order to purchasing a minority stake in the company.

The company added that execution of purchasing operation would be according to the final negotiations as well as due diligence review.