(Reuters) - Kandia-Excelent has a 20 percent share of Romania's 300 million euro-plus annual confectionery market behind Wm. Wrigley Jr. Co. at 22 percent and ahead of Kraft Foods Inc. at 19 percent. The market grew 17 percent in 2006. Cadbury, the world's largest confectionery group which makes Dairy Milk chocolate and Trident gum, has no operations in Romania but its Halls cough sweets are distributed there.
Cadbury is buying a 93.32 percent stake in the group from a private equity company managed by Meinl Bank AG, with the remaining stock listed on the Bucharest Stock Exchange.
Read more at Reuters.com Mergers News
Cadbury is buying a 93.32 percent stake in the group from a private equity company managed by Meinl Bank AG, with the remaining stock listed on the Bucharest Stock Exchange.
Read more at Reuters.com Mergers News
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