Saudi Savola Group said on Saturday it has agreed to buy 80 per cent of Pakistan's Agro Processors, the country's third largest edible oil firm.

Savola plans to invest SR200 million ($53.33 million) in the company to boost its production capacity to 200,000 tonnes within a year, it said in a statement on the bourse website. Savola will self-finance the deal, it added.-Reuters