Nestlé India to acquire 26% stake in local milk collector

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Nestlé India to acquire 26% stake in local milk collector
Nestlé India has entered into an agreement to acquire a minority stake in milk collector Indocon Agro and Allied Activities Private Limited.

In a Bombay Stock Exchange (BSE) filing, Nestlé India revealed that it had entered into an agreement to purchase a 26% shareholding in the company.

“Nestlé India Ltd has informed BSE that the Company has entered into agreement for acquiring 26% minority stake in Indocon Agro and Allied Activities Private Limited, engaged in milk collection business in Western India,”​ said the BSE filing.

“The acquisition is subject to the parties fulfilling their respective obligations. The business investment will contribute to Creating Shared Value with farmers engaged in milk,”​ it added.

Related topics: Manufacturers, Nestlé, Consolidation

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