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0.000222816399286996 0.000445632798573992 -0.000445632798573992 -0.000222816399286996 7.4272133095595E-05 0.000742721330956583 0.00334224598930473 0.00111408199643498
Stock impact report

Ferrara holding company in talks to buy French confectioner CPK [Yahoo! Finance]

Mondelez International, Inc. - Class A (MDLZ) 
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: mondelezinternational.com/investors
Company Research Source: Yahoo! Finance
In a statement on Friday (11 July), Ferrara said its European holding company has entered into “exclusive discussions” to buy CPK from investment group Eurazeo. Ferrara, while not owned by Ferrero Group, operates as an affiliated entity under the same ultimate control as the Italian giant. The proposed acquisition of CPK will be submitted to relevant employee representative bodies for consultation. It is expected to be finalised in the fourth quarter, contingent on customary closing conditions and regulatory approvals, Ferrara said. CPK was established in 2017 following Eurazeo's acquisition of 14 brands from Mondelez International . A year later, CPK snapped up French confectioner Lamy Lutti The group, which employs more than 900 staff, has a product range that also includes Krema, Michoko and Terry's. It has four manufacturing facilities in France, all of which would be acquired by Ferrara's holding company if the deal is approved, the statement read. Ferrara, which has Show less Read more
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