GREECE: Baker and confectioner establish Nigerian bakery JV
Two Greek companies have finalised a deal which will see the building of a bakery in Nigeria. Confectionery group Allatini and baker Katselis have established a joint company to build the new African operation. Katselis, who posted consolidated turnover of €35.9m for 2000, an increase of 5.5% year on year, is also currently in negotiations with
Two Greek companies have finalised a deal which will see the building of a bakery in Nigeria. Confectionery group Allatini and baker Katselis have established a joint company to build the new African operation.
Katselis, who posted consolidated turnover of €35.9m for 2000, an increase of 5.5% year on year, is also currently in negotiations with Loulis, in the hope that the flour mill group will invest in the holding company for the new bakery.
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