Kraft Foods Inc., Northfield, Ill., will pay 1.31 billion dirhams ($151 million) to take full control of Morocco's top cookie maker, Bimo, from local investment holding National Investment Co. (SNI), which is controlled by the country's royal family, according to SNI and Kraft.
SNI has signed an agreement for the sale of its 50% stake in Bimo to double Kraft Foods' stake in the company to 100%.