Thursday, September 1, 2016

Interbrand acquires Sannine mineral water. Transaction estimated at around $20 million


Interbrand, a company owned by the Tabourian family, has fully acquired Sannine, the natural mineral water company. The acquisition was partly financed by Bank Audi.

Neither party agreed to disclose the amount of the transaction.

The entire company has been valuated at $37 million, in addition to substantial retained earnings.

Owning 51 percent of Sannine's shares already, Interbrand acquired the remaining 17.5 percent held by Malia Group, and the 31.5 percent held by Rizk...

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