TIRUMALA MANAGER CONFIRMS DANONE TAKEOVER TALKS
November 3rd, 2013
A manager at Indian dairy manufacturer Tirumala Milk Products Private Limited has confirmed to just-food that the company is the target of a purchase bid by international France-based food multinational Danone. Speaking from the headquarters of the Hyderabad-based company, the manager – who wanted to remain anonymous - said: “Talks are still on but nothing has been finalised as yet,” adding, his colleagues cannot yet release any formal comments to the media. He was not sure when such a statement would be made by Tirumala’s managing director Bolla Brahma ...
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