mumbai the rs 1150 crore marico group on wednesday acquired egypts haircare market leader fiancie from ready group for an undisclosed consideration this is maricos fifth acquisition in 18 months it not only marks the companys direct entry into egypt but also provides a fillip to its international operationsmaricos international business turnover during fy 2006 was rs 117 crore about 10 of the groups revenue fiancie range includes valueformoney creams and hair gels as a market leader fiancie commands a share of 20 of the egyptian pound 215 million rs 170 crore hair care marketthe deal gives marico access to the manufacturing and sales infrastructure for the brand which has been developed by the ready group over the last 15 yearsmarico group chairman harsh mariwala said this footprint in egypt will help us widen our strides in the international hair care market with fiancie under its belt marico could target a turnover in the range of rs 5055 crore from egypt during the next fiscalthe consideration for the deal will be paid out over the next six months in two tranches based on brands performance marico using a shortterm loan facility has already paid one out marico would now take a fresh look at its financing pattern and would modulate the debt and equity mix suitably