European dairy companies Arla Foods and Valio have both moved to quell rumours they are interested in acquiring a controlling stake in Latvia's Jelgava Dairy Company.
According to local reports, Latvian dairy co-operative Trikata Zemnieku Kooperativs is shopping its 55%-plus stake in Jelgava, which is also known as Latvijas Piens. Danish dairy co-operative Arla and Finland's Valio were both said to be interested. However, the companies denied the reports when contacted by just-food.
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A spokesperson for Arla said: "I am not aware that Arla has been offered to buy Trikata’s stake in Jelgava Dairy Company – our M&A team are not aware of this offer. However, I can confirm that we do not have any strategic plans to engage in dairy production in the Baltics."
A Valio spokesperson revealed the company dairy, which has seen results dented by the Russian embargo blocking dairy and other products from the EU, is not on the acquisition trail. "There is nothing to comment on. Valio has no negotiations ongoing… to buy anything."
Trikata did not immediately respond to requests for comment.
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