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May 29, 2002

TURKEY: Kent Gida buyouts out remainder of Chupa Chups Kent

Turkish confectionery firm Kent Gida has increased its stake its Russian JV, Chupa Chups Kent (CCK), to 100%. St Petersburg-based CCK was set up in 2001 as a 50:50% JV between Kent Gida and Chupa Chups Rus, a subsidiary of Spanish confectionery giant Chupa Chups. It produces chewing gums and other confectionery products.

Turkish confectionery firm Kent Gida has increased its stake its Russian JV, Chupa Chups Kent (CCK), to 100%.

St Petersburg-based CCK was set up in 2001 as a 50:50% JV between Kent Gida and Chupa Chups Rus, a subsidiary of Spanish confectionery giant Chupa Chups. It produces chewing gums and other confectionery products.

Kent Gida was recently acquired by the UK’s sweets and beverage giant Cadbury Schweppes.

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