Dairy group Arla in merger plans22/05/2012 - 11:21:06
Scandinavian dairy group Arla Foods says it plans to merge with milk co-operatives in Germany and Britain.
Arla Foods chief executive Peder Tuborgh said a merger would “strengthen Arla Foods’ position as one of Europe’s leading dairy companies”.
Arla Foods, which is already one of Europe’s largest dairy companies, said the merger would make it the biggest dairy in Britain and the third biggest in Germany.
The Copenhagen-based company said that a merger with Germany’s Milch-Union Hocheifel and Britain’s Milk Link needs approval from their members, about 12,300 dairy farmers in Denmark, Sweden, Germany, Belgium, Luxembourg and Britain. A decision is set for June 26.
A merger would also be subject to approval by the European Union.
more stories like this:
- once per day, no spam.