It is a story of more than 25 years which is about to end.
On Thursday, the dairy giant Lactalis (Lactel, Président, Le Petit, Galbani…) entered into exclusive negotiations with the Bel group (La Vache qui Rit, Kiri, Babybel, Boursin…) to buy back its emblematic brand of Leerdammer cheese.
An operation valued at around 600 million euros, according to Emmanuel Besnier, CEO of Lactalis, that the dairy giant will not pay in cash, but with 1.6 million Bel shares.
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This agreement will therefore result in the almost definitive exit of Lactalis from the capital of its fellow cheesemaker, in which it had until then (and since 2005) held 24.06% of the funding round.
At the end of the transaction, which has yet to receive the green light from the Competition Authority, Lactalis will only hold 0.9% of Bel.
The Fiévet-Bel families, who will thus have regained full control of their family group created one hundred and fifty-five years ago, have also announced their desire to withdraw the group from
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