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🇹🇳 Tunisia /Economy & Trade

PGH: Due diligence in final phase for Land'Or acquisition

From La Presse · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Poulina Group Holding (PGH) is in the final stages of due diligence for its acquisition of Land'Or.
  • The acquisition involves purchasing the stake held by Maghreb Private Equity Fund IV LLC.
  • PGH is proceeding with the audit process for the potential takeover.

Tunisian conglomerate Poulina Group Holding (PGH) has announced that its planned acquisition of Land'Or is progressing into its final stages. The company is currently conducting the crucial due diligence and audit processes related to the potential takeover.

The acquisition focuses on acquiring the entire stake held by Maghreb Private Equity Fund IV LLC (MPEFIV) in Land'Or's capital. This move signifies PGH's strategic interest in expanding its portfolio within the food industry.

PGH stated that the audit and due diligence procedures are now in their concluding phase. This indicates that the company is meticulously examining Land'Or's financial health, operations, and overall business before finalizing any agreement.

The announcement suggests that PGH is moving closer to a definitive decision regarding the acquisition. The completion of these final checks will pave the way for potential negotiations on terms and conditions, or the finalization of the deal if all findings are satisfactory.

DistantNews Editorial

Originally published by La Presse in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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