Britannia Industries and Bel to form a joint venture.

Synopsis

Britannia Industries, a company specialised in food industry, and Bel, a multinational cheese marketer, agreed to form a joint venture. Financial terms were not disclosed. Britannia shall sell and transfer 49% of its equity stake in its wholly owned subsidiary, Britannia Dairy, to Bel.

Principals

target

Bel/ Britannia Joint Venture

bidder

Britannia Industries

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15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.