Shareholders in Nordic confectionery firm Cloetta Fazer have approved plans to split the business in two.
Go deeper with GlobalData
At an extraordinary general meeting held on Friday (25 July), the proposal – first announced last month – was given the green light.
The company will revert back to Swedish group Cloetta and Finnish firm Fazer Confectionery, which will be consolidated into the privately-held Fazer Group. Cloetta Fazer was formed when the two companies merged in 2000.
The move brings to an end tensions between the company’s two major shareholders. Both sides accused the other of breaking an agreement to limit their stakes in the business and mediation talks failed to resolve the conflict.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
