View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 15, 2005

RUSSIA: Heinz reported interested in Russian sauce maker

H.J. Heinz Company has applied to Russia's antitrust watchdog to buy a stake in Petrosoyuz, a major manufacturer of sauces and spreads, according to a report in business daily Vedomosti today (Friday) reported by the Reuters news agency.

H.J. Heinz Company has applied to Russia’s antitrust watchdog to buy a stake in Petrosoyuz, a major manufacturer of sauces and spreads, according to a report in business daily Vedomosti today (Friday) reported by the Reuters news agency.

Heinz declined to comment and Petrosoyuz would only say that they were in talks with a major Western firm, the paper said. It estimated Petrosoyuz could be worth up to $120 million, taking into account a premium for its market share.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food