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Nestlé acquires Egyptian instant coffee company Caravan

Nestlé SA announced on Sunday that it has signed an agreement to acquire Caravan Marketing Company SAE (CMC), an Egyptian instant coffee company owner of the Bonjorno brand. The acquisition reflects Nestlé’s ambition to invest in Egypt and foster the development of the rapidly growing soluble coffee segment which has been gaining popularity among Egyptians. …

Hossam Mounir

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