Saudi Arabian retail giant BinDawood Holding has successfully bid €135.25 million to acquire two production plants belonging to the bankrupt Estonian dairy producer, E-Piim. The acquisition marks a significant international expansion for BinDawood Holding, a publicly listed company in Saudi Arabia. E-Piim, facing financial difficulties, had its plants put up for sale, attracting interest from multiple parties. The winning bid secures the future of the Estonian dairy facilities, preventing potential closures and job losses. This deal underlines growing investment from Gulf countries into European assets. The sale is subject to regulatory approvals, but signals a new chapter for the Estonian dairy industry and BinDawood’s portfolio.