SLOVENIA: Lactalis buys Ljubljanske Miekarne majority stake
Lactalis acquired the shares of five Slovenian investors
French dairy giant Lactalis has acquired a majority stake in Slovenian dairy group Ljubljanske Miekarne.
Lactalis has taken a 50.3% stake in what it says is the largest dairy in Slovenia, with a turnover of EUR154m (US$199.7m) in 2001.
The French group acquired the shares of five Slovenian investors: banks Factor Banka Banka and KD, investment companies NFD Holding, KD Group and Sava.
Ljubljanske Mlekarne's activities cover all the dairy categories, producing milk, cream, yoghurts, cheese and ice cream, in four different plants located in Ljubljana, Maribor, Kocevje and Tuzla in Bosnia-Herzegovina.
"Ljubljanske Mlekarne will strengthen Lactalis role in the South-East Europe region, where Lactalis Group is a major player on the dairy market," Lactalis said.
Lactalis has signed a draft agreement with Netherlands' VanDrie Group for the sale of its veal processing subsidiary, Tendriade....
- What next for Nestle under new CEO Schneider?
- Unilever is "working harder" in tough environment
- Nestle catering for an ageing global population
- What post-Brexit trade with the EU could look like
- Hemp food sales in the US set for growth
- Unilever sees growth but spreads decline continues
- Job cuts imminent as General Mills restructures
- Campbell's Soup's sustainable growth strategy
- Arla Foods unveils strategy for growth up to 2020
- Lindt organic sales miss market expectations