FrieslandCampina – stated to be contemplating stake sale
Dutch dairy firm FrieslandCampina is reportedly contemplating the sale of its 50% stake in Thailand’s Betagen yogurt enterprise.
The cooperative turned a co-owner of Betagen by way of a three way partnership with Thai Superior Meals in 2007 however, in response to a information company report Bloomberg, is now contemplating an exit.
Bloomberg, citing “folks with data of the matter,” steered that FrieslandCampina may increase as much as $ 500 million by promoting its stake within the enterprise that produces yogurt and yogurt drinks.
Their report stated that the Dutch firm is working with an advisor to determine a purchaser for participation within the three way partnership.
Since 2007, Betagen, which manufactures manufacturers resembling Dutch Woman and Friso, has expanded to neighboring nations resembling Cambodia, Burma, Laos, and Vietnam.
The Attasakulchai household, homeowners of Thai Superior Meals, have the preferential proper to accumulate FrieslandCampina’s stake in Betagen earlier than providing it to different potential suitors. Bloombergthe sources stated.
However these sources added that divestment deliberations are at an early stage and FrieslandCampina might determine to maintain its stake within the enterprise.
When contacted by just-food, a spokesman for the Dutch cooperative stated: “It’s FrieslandCampina’s coverage to not touch upon rumors and speculations available in the market.”