VOL. XLI
No. 41
12-October-1998
SAUDI ARABIA
Saudis 'Azizia Panda And Savola Company Agree To Merge
The Saudi-owned company Al-'Azizia Panda United Inc. (APU) and Savola Company announced on 5 October anagreement to merge to form "the Middle Easts largest food services group"after the two companies unanimously voted in favor. According to a statement released byKingdom Holdings, Saudi Prince al-Walid ibn Talal, the Chairman of APU, will hold amajority in the new conglomerate. The agreement has...
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