Czech farmer group Milkagro has requested the permission of the competition authorities to merge with Sena Corporation.
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Milkagro acquired the assets of bankrupt Sena for CzK68m (US$2.6m) in January this year. The merger it now seeks refers primarily to activities in the meat processing and meat product manufacturing sectors. Sena operates the Masokombinat Martinov meat processing plant.
Sena was declared bankrupt in October last year. The regional court in Ostrava, northern Moravia, decided on the sale of Masokombinat Martinov as a part of Sena Corporation’s tangible assets, on 9 December 2003.
Milkagro is the majority shareholder in the Olma dairy company, one of the largest in the country, commented the Agris news service.
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