FRANCE/NETHERLANDS: Wessanan sells Leerdamer to Fromageries Bel
The executive board of Dutch specialty and convenience foods distributor Koninklijke Wessanen has announced that an agreement has been reached with French dairy Fromageries Bel regarding the sale of Leerdammer. Wessanen will sell Leerdamer to Fromageries Bel for €190m (US$186.3m) in cash. The transaction is subject to the approval of the relevant competition authorities. Assuming timely receipt of this approval the transaction is expected to be completed during the fourth quarter of 2002, the company said.
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