POLAND: Duda acquires Warsaw meat distributor
ZM Duda, the Polish meat company, has acquired a leading Warsaw meat distributor in a move which will double its sales.
Duda purchased Centrum Miesne Makton and Eurosmak from the Makowski family. The deal is the largest ever acquisition in the meat sector, reported the Polish News Bulletin. In a highly fragmented sector, the newly enlarged company owns over 1% of the Polish meat market.
Duda wil pay PlZ20m (US$5.47m) in cash and a further 456,000 shares. The deal is subject to approval from competition authorities.
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