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2012.07.09 | Russia’s Unimilk receives buyout offer from parent Dairy JV Cyprus-based Dairy JV Holdings Limited, a structure that owns the joint venture between Danone and Russia’s Unimilk sent a buyout offer to Unimilk in order to consolidate a 100% stake in the company, Unimilk said in a statement Monday.The price of the offer stood at 0.55 rubles per share. Dairy JV currently holds 88.61% in Unimilk. The Dairy JV is 58% owned by Danone and 42% by Unimilk. Danone-Unimilk comprises all the assets of Unimilk and the plants of Danone in Russia, Kazakhstan, Belarus, and Ukraine. (32.8169 rubles – U.S. $1). PRIME-TASS return |
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