Business e via Italy - Italian food group Newlat has entered talks to buy a majority stake in dairy group Centrale del Latte d’Italia.
Newlat, which produces pasta, bakery goods and baby food, said that the acquisition of Centrale del Latte d’Italia (CLI) would boost its revenue to 500 million euros ($533 million).
Delverde pasta brand said on Thursday it had signed a letter of intent with CLI’s top investor Finanziaria Centrale del Latte di Torino to negotiate the acquisition of a majority stake in the dairy group.
CLI’s revenue were 180 million euros last year, with core earnings of around 6 million euros. Parma-based Newlat said its revenue rose 5 percent to 320 million euros last year driven by pasta and dairy products. #finance #business #madeinitaly #italy #investment #management #retail #merger #banking #setup #italian #fashion #distribution #food #assistance #legal #insurance #automotive #industry #fashion #faahionweek #production #businessdevelopment #sales #internationalisation #realestate #assetmanagement #commercial #privateequity