RUSSIAN BANKS EYE TAKEOVER OF TURKEY MEAT PRODUCER EURODON
June 1st, 2017
Vnesheconombank (VEB), one of Russia’s largest state-owned banks, may gain control over much of the Eurodon Group, the major Russia-based turkey producer, from its current owner, high profile business leader Vadim Vaneev, according to regulatory sources. The move, should it happen, would be because of money owed by Eurodon to VEB. A spokesman for the Russian Federal Antimonopoly Service (FAS) said that his agency has received an application from VEB for the acquisition of stakes in three key companies within the Eurodon group. According to the FAS, these ...
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