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Europe Daily Bulletin No. 8611

20 December 2003
Contents Publication in full By article 45 / 56
ECONOMIC INTERPENETRATION / (eu) agri-foods

The French group DANONE has acquired the dairy products business of the Swiss group NESTLE in Turkey, which has a turnover of $70 million. This operation is subject to approval by the competition authorities. At the same time, DANONE has bought up 50% of its Turkish partner, SABANCI, in their joint enterprise. In total, DANONE is doubling its turnover in Turkey which was $50 million in 2002. With the growth in its activity and that of NESTLE, the new entity should represent 140 million in...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT