EU: Kraft set for disposals as EU clears Danone deal

By just-food.com | 9 November 2007

The EU has asked Kraft Foods to sell a slew of brands in Spain and Hungary - in exchange for giving the green light to the US group's acquisition of Danone's biscuit business.

Kraft said today (9 November) that the European Commission had approved its EUR5.3bn (US$7.8bn) deal with Danone, which the two sides agreed in July.

The Commission's approval was conditional on Kraft offloading certain trademarks - three in Spain and one in Hungary.

Kraft will sell the Artiach, Marbu Dorada and Dinosaurus brands in Spain and the Balaton trademark in Hungary. The company will also offload its Orozko manufacturing facility in Spain.

Sectors: Bakery, Dairy, Food safety, Snacks

Companies: Kraft, Danone

View next/previous articles

Currently reading -

EU: Kraft set for disposals as EU clears Danone deal

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: Kraft eyes convenience market with small pack launch

Kraft Foods told just-food today (1 May) that it is launching a number of products in smaller pack sizes to meet the convenience needs of consumers.

FRANCE: Danone mulling Bangladeshi dairy plant

Danone has confirmed that it is considering expanding its processing operations in Bangladesh through the establishment of a second dairy plant.

US: Kraft posts a 13% drop in income

US food giant Kraft Foods has posted a 13% drop in first-quarter net income as a result of rising dairy prices.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page