Friday, March 16, 2012

Green light for Bonduelle in Russia

The French group has gained the approval of the Russian competition authorities to take over Coubanskie Conservi

French convenience specialist Bonduelle Group has released a press release stating that it has obtained the agreement of the Russian competition authorities to acquire the agro-industrial and commercial assets of French cooperative group Cecab in Russia and in the countries of the Commonwealth of Independent States (CIS).

This authorisation, the company said, should finally allow the groups to complete the transaction, which was initially announced in January, and for Bonduelle to take effective control of the Coubanskie Conservi at the end of March.

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