Arla Foods UK agrees to Danish takeover
UK - Arla Foods UK has at last agreed to a £435m takeover by its Scandinavian parent company, Arla Foods Amba.
23 January 2007
1 minute read
Arla Foods, the UK’s largest supplier of milk to supermarkets, recommended shareholders should accept the offer of 71p a share.
The Scandinavian firm already owns 51% of Arla Foods UK, the company behind Cravendale, Lurpak and Anchor Butter.
The takeover will see Arla Foods Amba secure the remaining 49% of the UK company.
Peter Tuborgh, Arla Amba’s chief executive, said outright ownership of Arla Foods UK would allow it to strengthen its relationship with UK dairy farmers.
The two sides disclosed they had begun discussions about a possible takeover in October last year.
Source: Farmers Weekly
