Croatian dairy company Lura has reportedly confirmed its EUR22.35m (US$26.9 m) deal to sell 99.56% of confectioner Karolina to German snacks producer Lorenz Snack-World.

Lura told SeeNews: “A contract to transfer and take over Lura’s stake in Osijek-based company Karolina signed between Lura and Lorenz Bahlsen Snack-World has been entirely carried out.”

The newswire said that a Lura shareholders meeting approved the deal on 23 December 2005 and Croatian businessman Luka Rajic is now the majority owner of Lura with a 92% stake in the company.

Lorenz Snack-World produces chips, nuts and other salty snacks. It has 2,900 employees and seven units in Germany, France, Poland and Italy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.