April 3, 2018 / 5:23 AM / 18 days ago

BRIEF-Saudi's Almarai Acquires Controlling Stake In Pure Breed

April 3 (Reuters) - ALMARAI CO SJSC:

* ANNOUNCES THE ACQUISITION OF A CONTROLLING STAKE IN PURE BREED

* SAYS ACQUISITION OF 14 PERCENT OF SHARE CAPITAL OF PURE BREED COMPANY FROM VARIOUS SHAREHOLDERS IS FOR TOTAL CONSIDERATION OF SAR 20.3 MILLION,

* SAYS NOW CONTROLS 55.9 PERCENT OF SHARE CAPITAL OF PURE BREED

* SAYS TRANSACTION WAS FULLY FINANCED FROM ALMARAIS OPERATING CASH FLOW

* SAYS CO WILL BE CONSOLIDATING, WITHIN ITS FINANCIAL STATEMENTS, PURE BREED RESULTS FROM Q2, 2018 Source text for Eikon: Further company coverage:

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