Italian dairy group Parmalat is eyeing acquisitions in the Russian and Eastern European dairy markets.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A spokesperson for Italy’s largest listed food company told just-food today (5 June): “Eastern Europe, and Russia in particular, offer good opportunities for development. We hope to capitalise by expanding there.”
According to a report in Italian newspaper Il Corriere, Parmalat chief operating officer Carlo Prevedini recently indicated that the group planned to invest at least EUR600m (US$810.99m) to secure further acquisitions in the region.
Parmalat, which was restructured after its financial collapse in 2003, is understood to be considering a number of takeover targets.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
