French food group Lactalis has made a statement saying that it has agreed to acquire a 50.3 percent stake in Slovenia's main milk producer Ljubljanske mlekarne.

"Ljubljanske mlekarne will strengthen Lactalis' position in the region and in southeastern Europe, where the group is a leading player in the milk and milk products market," the French group said in a statement quoted by Slovenian news agency STA.

The deal still has to be approved by the Slovenian competition authority after which Lactalis will publish a takeover offer to acquire the remaining shares in Ljubljanske mlekarne, the statement said.

The acquisition price was not disclosed.

Ljubljanske mlekarne is Slovenia's largest producer of milk and milk-related products with some 550 employees. It owns several brands that are well known in most of the former Yugoslav republics.
 

Source: Expatica (France)

http://www.expatica.com/fr/news/french-news/french-lactalis-agrees-to-buy-503-of-slovenian-milk-producer_248817.html