Royal Friesland to take over dairies
Royal FrieslandCampina said in a release Thursday it would take over Serbia-based companies Imlek A.D. Beograd and Mlekara Subotica.
Thursday, 02.02.2012.
12:52
Royal FrieslandCampina said in a release Thursday it would take over Serbia-based companies Imlek A.D. Beograd and Mlekara Subotica. Royal FrieslandCampina a Netherlands-based multinational company. Royal Friesland to take over dairies The two dairies, based in Belgrade and Subotica, are currently majority-owned by UK-based Salford investment fund. Royal Friesland and Salford signed a memorandum of understanding on the acquisition of the two dairies, through which FrieslandCampina intends to strengthen its business position in Southeast Europe - the region with 76 million consumers - said a statement. The seller is the majority shareholder in both dairies, with approximately a 79 percent stake in Imlek and an 82 percent stake in Mlekara Subotica. FrieslandCampina plans to redeem the remaining stocks. This will be the company's first significant takeover after the merger of Friesland Foods and Campina in 2008. Tanjug
Royal Friesland to take over dairies
The two dairies, based in Belgrade and Subotica, are currently majority-owned by UK-based Salford investment fund.Royal Friesland and Salford signed a memorandum of understanding on the acquisition of the two dairies, through which FrieslandCampina intends to strengthen its business position in Southeast Europe - the region with 76 million consumers - said a statement.
The seller is the majority shareholder in both dairies, with approximately a 79 percent stake in Imlek and an 82 percent stake in Mlekara Subotica.
FrieslandCampina plans to redeem the remaining stocks. This will be the company's first significant takeover after the merger of Friesland Foods and Campina in 2008.
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