Lactalis Increases Stake In Local Dairy Firm

French dairy firm Lactalis has increased its stake in Croatia's Kim Dairy through its local subsidiary Dukat Dairy Industries. Dukat raised its stake in Kim from 66.96% to 91.4%, investing an estimated EUR3mn (US$4.4mn). This is the latest investment by Lactalis in the Central and Eastern Europe (CEE) region as it looks to increase its presence in this high-growth market.

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