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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nestle (Reg) | LSE:NSTA | London | Ordinary Share | CH0002137682 | CHF10(REGD) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3526T Danone 17 December 2003 ----------- PRESS RELEASE ---------- Paris, December 17th 2003 Groupe DANONE acquires Nestle's dairy business in Turkey Groupe DANONE is acquiring Nestle's dairy business in Turkey, in a move that will double its sales revenues in this country and strengthen its leading position in fresh dairy products. The deal also includes the UHT milk business of Nestle. Danone in Turkey will own the local Mis trademark; Nestle branded products will be gradually integrated in Danone's brand portfolio including Danone, Tikvesli and Birtat. The transaction is subject to the approval of the Turkish antitrust authorities. Parallel to this, Groupe DANONE takes control of its Turkish operations through the acquisition of the 50% shareholding held up to now by the Turkish group Sabanci. Groupe DANONE and Sabanci had been partners in this joint venture since 1997, developing leading positions in the fresh dairy products and water markets (bottles under Hayat and Akmina brands and jugs under Flora brand). This information is provided by RNS The company news service from the London Stock Exchange END ACQKGMMZNNKGFZG
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