April 29, 2018 / 1:36 PM / 24 days ago

BRIEF-Saudi's SADAFCO Updates On Acquisition of Stake In Mlekoma SP

April 29 (Reuters) - SAUDIA DAIRY AND FOODSTUFF CO SJSC :

* UPDATES ON SIGNING OF A NON- BINDING AGREEMENT TO ACQUIRE A CONTROLLING STAKE IN MLEKOMA SP Z.O.O.

* SAYS REACHED A BROAD AGREEMENT ON ALL KEY COMMERCIAL AND LEGAL TERMS RELATING TO THE ACQUISITION OF MLEKOMA SP Z.O.O.

* SAYS AS A SIGNAL OF INTENT TO CONTINUE TOWARDS COMPLETING DEAL, BOTH PARTIES HAVE SIGNED PRELIMINARY SHARE PURCHASE AGREEMENT

* SAYS ALSO ACQUIRED 100% STAKE IN VISDAL INVESTMENTS SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA A COMPANY REGISTERED IN POLAND

* SAYS AIMS TO SIGN A BINDING SHARE PURCHASE AGREEMENT AT THE START OF Q2 2018 Source:(bit.ly/2vTePOg) Further company coverage:

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