The Israeli food company Strauss Group has said that it expects to see its net financing expenses increase by around 20m shekels (US$4.96m) in the third quarter compared to the same period last year as a result of inflation.

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In a statement to the Tel Aviv Stock Exchange, the company said the figure is based on preliminary data and subject to change.


Last month the company was reported to be in talks with PepsiCo over possible co-operation in North America.


The discussions centre on Sabra Salads, the second-largest maker of Mediterranean dips and spreads in the US.

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