The European Bank for Reconstruction and Development (EBRD) has snapped up a minority stake in a Ukrainian cheese maker owned by French giant Groupe Bel.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The EBRD said yesterday (13 December) that it had bought a 17.5% stake in Shostka, which Bel bought in April.


The EBRD, which invests cash in companies based in the emerging markets of Eastern Europe and the former Soviet Union, had signaled its plans for Bel back in September.


The bank said the Shostka investment would be used to finance the modernization of the company’s production facility and to increase the site’s capacity.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact