BRICs and beyond: Why Arla's Egyptian JV with Juhayna is shrewd

Arla Foods has entered a joint venture with Egypt's leading dairy processor, Juhayna Food Industries, that leaves theEuropean dairy co-operative poised for expansion in a promising emerging market. Expanding via a tie-up with a local company is a smart move from Arla as it works to grow in a market where competition is on the up and M&A valuations are high. Katy Askew reports.