GERMANY/RUSSIA: Babayevsky's controlling stake sold to Amidis
Russian bank Inkombank's controlling 51.06% stake in confectionery company Babayevsky has been sold, according to some sources, to the company Amidis on behalf of the Moscow city government and top managers at Babayevsky. Inkombank was declared bankrupt on 1 February 2000, but the planned sale of its Babayevsky stake was disputed by representatives of the bank's German creditors, who said that they had not received any documents on the basis of which a balanced decision on a sale could have been made.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Aryzta CEO, CFO resign amid strategic review
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins