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News ServiceForexMarket AnalysisProducts and Services
13/09/2017
17:13
Progress's owners seeking for buyer

The owners of Progress (FrutoNyanya) as of the largest producer of child nutrition resumed the seeking for the buyer of the business, as it was informed.

In 2011 they were going to sell it to Nestle but failed to come to consent on the price. From that time the value of the Company could be doubled to exceed $500mln.

Some sources informed that the talks with the strategic investors have been under way for a month by now.

Progress is a producer of 200 items of child nutrition. The shares are held by the private persons.

The 2016 revenues reached 24.09bn rub.; net profit - 3bn rub.

"AK&M", 14:24, 13.09.2017 1251 AKM,COR

 

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