On August 16, 2026, BinDawood Holding Company announced that it has won the bid, through its wholly owned subsidiary JUUST & JUBN OÜ, to acquire the dairy production operations assets of AS E-Piim Tootmine in Estonia for an aggregate consideration of EUR 135.25 million. The transaction, entered into on August 14, 2026, covers real estate, associated operating assets, related contractual rights, and equity stakes in investee entities, including dairy production and packaging facilities in Paide and Põltsamaa. The acquisition supports BinDawood's strategic objectives of diversifying its revenue streams, expanding its food sector investments, and strengthening food production capabilities, while also contributing to Saudi Arabia's food security goals. The transaction will be funded through the Company's available financing facilities and remains subject to the fulfilment of applicable auction terms and regulatory approvals.

Original announcement:

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