ROMANIAN STAKE INCREASED BY CADBURY
November 1st, 2007
BY MARK ROWE
CADBURY Schweppes has welcomed the increase by its subsidiary Vantas International in Romanian chocolate confectionery producer Kandia-Excelent just weeks after a buy-out bid for the company expired. Vantas International, a fund controlled by Cadbury Schweppes, increased it stake in the burgeoning chocolate producer to 95.73% from 93.32%.
Vantas paid 411,342 lei (Euro 113,582) for some 2.9 million shares or 2.41% of Kandia-Excelent, four months after it had acquired its 93.32% stake from investment fund Axis Investments Ltd and Austria's Meinl Bank. ...
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