Private-equity firm Penta Investments has become a co-owner of the Czech Republic’s biggest meat processor Schneider.
The deal, struck for an undisclosed sum, will also see Schneider take a stake in the investment fund.
A spokesperson for Penta refused to be drawn on the details of the agreement. He said the information would be made public when the Czech anti-monopoly office approves the dea.
Penta partner Ian Child and Schneider owner Robert Schneider said the agreement was an important step in consolidating the meat processing industry in Central Europe.
The investment fund already operates five meat plants in the region. It owns the biggest Slovak meat processor Mecom and Hungarian meat firm Debreceni.
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.

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