Britannia to expand in Middle East

BANGALORE: Britannia Industries Ltd announced on Wednesday that it proposes to acquire a majority stake in two bakery product companies in the Middle East market.

This is consistent with Britannia’s growth strategy to expand its international presence. The acquisition of shares is subject to signing of definitive agreements. “Details will be made available upon signing,” a company release said. Britannia’s brand portfolio includes Tiger, Marie Gold, Good Day, 50:50 and Treat.