LITHUANIA: New tender for MPK as Eksimeta deal falls through
Marijampoles Pieno Konservai (MPK) is back on the market after talks of a private sale of a 64.5% stake to Eksimeta collapsed.The Lithuanian dairy producer has floundered recently, and the buyout deal was abandoned after Henrikas Karpavicius, director general of Eksimeta, refused to inherit the 40m litas debt accrued by MPK and owed to the ministries of finance and agriculture, to be paid back between 2005 and 2020. Karpavicius added that MPK must begin to work for export markets to survive, and up its production to at least 5-7,000 tons of powdered milk and 80m units of canned milk each year.The Lithuanian State Property Fund (SPF) is hoping that a new tender will bring in more attention, but stresses that a number of potential investors have expressed interest.
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
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Interview: "Disruptive" snack brand Hippeas
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Tyson shops Sara Lee bakery, Kettle and Van's
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill
- Nestle organic growth slows but beats expectations