Sodiaal Closes in on Acquisition of Entremont Alliance
June 14
09:40
2010
French dairy group Sodiaal has reached a preliminary agreement to acquire Entremont Alliance, its loss making rival. The deal would create the fourth largest dairy group in Europe with combined annual sales of more than Eur4b and processing over 5b litres of milk annually. Sodiaal owns French milk brand Candia and also has a joint stake in Yoplait, the international yoghurt brand.
