HUNGARY: Gana 21 files lawsuit over Stollwerck takeover
Gana 21, a minority owner of Stollwerck Budapest, is suing Raiffeisen Private Equity Management (RPEM) and related entities for damages of HUF3.46bn (US$13.9m). The allegations by Gana 21 concern the acquisition of a 99.98% stake in Stollwerck Budapest by the Raiffeisen CEE Private Equity Fund (RPEF) through its subsidiary Triasz-Perry. The acquisition followed a bid to acquire Stollwerck by US packaged foods giant Kraft Foods that failed due to competition reasons.
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