Spanish food group Ebro Puleva has said it has reached a preliminary agreement to purchase the Finnish rice brand Risella from Raisio Ythyma Oyj.

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Financial terms of the deal, which is expected to be completed within the next few weeks, were not disclosed.


The acquisition marks Ebro Puleva’s entry into Finland, where Risella has a 24% share of the rice market, reported Dow Jones International News.

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