Coca-Cola took over the confectionery company
Coca-Cola Hellenic Bottling Company takes over the leading Serbian confectionery company, the Bambi in Požarevac from the Mid Europa partners London-based investment fund – Világgazdaság Online wrote after the Magyar Szó. The value of the transaction is 260 million euros (82.4 billion HUF at the 317 HUF / euro exchange rate).
Referring to Coca-Cola HBC, the Hungarian-language portal writes that the acquisition process is expected to be completed in the second quarter of 2019, and that Bambi will have new opportunities for development in Serbia and in the region, and may expand with complementary product categories. (vg.hu)
Related news
Coca-Cola exceeded expectations
Coca-Cola has surpassed quarterly expectations largely due to increased consumer…
Read more >Coca-Cola signs $1.1bn deal with Microsoft in generative AI push
The drinks group has been working with generative AI for…
Read more >Emmi acquires majority stake in Brazilian dairy producer from Coca-Cola
Emmi Group’s Brazilian subsidiary, Laticínios Porto Alegre, will acquire a…
Read more >Related news
Tesco is optimistic about its future in Hungary
In an interview with Pénzcentrum, Zsolt Pálinkás, CEO of Tesco…
Read more >Danone’s research looked at the popularity of herbal products
In 2024, Danone Hungary again participated in the regional research…
Read more >There are more and more bike stands following the recommendations of cycling experts at SPAR stores
SPAR Hungary equips its newly opened stores with comfortable and…
Read more >