Croatia-based food group Podravka has sought to calm local reports it is set to buy ice cream business Ledo from local peer Agrokor.
Reports in Croatia on Friday claimed the two companies had reached an agreement over Ledo, which claims to be the largest producer of ice cream in the country.
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A report on the tportal.hr website said Podravka was planning to recapitalise its business before a deal for Ledo could be finalised. A transaction could be concluded by the end of the year, the publication said.
In a statement to the Zagreb stock exchange in the wake of the report, Podravka said: “We hereby inform you that, in this moment, under our consideration, there is no price-sensitive information that [the] public should be informed of.”
Officials at Podravka and Agrokor could not not be reached for comment.
Ledo, in which Agrokor became the majority shareholder in 1994, also sells products including frozen fruit and veg, frozen fish and ready meals.
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