Increasing its stakes in Kaiku Corporación Alimentaria in San Sebastián, Spain (from 42.6 % to 66 %) and Diprola in Avignon, France (to 63 %) will strengthen the group’s international business.
In the medium term, Emmi’s strategy is to increase the share of sales attributable to its international business to 50% (currently 29.8%). This growth is to be achieved organically and through acquisitions.
By increasing these two stakes, Emmi is taking a further significant step forward in its internationalisation.
Emmi has increased its stake in the northern Spanish company Kaiku Corporación Alimentaria from 42.6 % to around 66%, having acquired the company shares required to do this from several of Kaiku’s minority shareholders.
The respective agreements were signed in San Sebastián on 2 July. The deal will be completed in August.
Source: Emmi
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