saudis takween in talks to buy savola packaging unit

savola ..... sets deadline for packaging unit deal.saudi arabia&39s largest food firm savola group has entered into final negotiations with takween advanced industries on the sale of savola&39s packaging unit, takween said on sunday.the two firms extended talks in november and set a december 31 deadline for finalising the purchase price for all shares in savola packaging company.they are still determining the value of the company, takween&39s statement on sunday said without mentioning any new deadline.implementation of the deal would depend on approval by related government agencies.savola said in july it had entered a nonbinding agreement with takween to sell its entire stake in savola packaging company as it looked to focus on its core sectors of food and retailing.reuters&nbsp

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saudis takween in talks to buy savola packaging unit
 
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