Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

A large coffee producer is to sell its coffee business in Russia
30.10.2012 16:56
A large coffee producer is to sell its coffee business in Russia
Coffee Black Card

The Israeli company Strauss Group, which owns some coffee brands like Black Card (Chernaya Karta) and Platinum, is negotiating on selling its coffee business in Russia, informs  Ynetnews. There is no official confirmation yet.

      
Strauss Group is negotiating with the largest market players, among them Nestle, Kraft Foods and Sara Lee. At that the Israeli company may get about $200 million for its business.

      
Strauss Group is producing food, non-alcoholic drinks and coffee. Among its trade marks are Black Card, Platinum, TOTTI, Ambassador, Le Cafe and FORT.

      
In the Russian coffee business Strauss Group owns 75%, another 25% is owned by the investment company TPG Capital, which invested $293 million in the joint venture in 2007.

      
Strauss Group is one of the largest participants in the coffee market in Russia with a share of 13%.



Author: Irina Fomina

Tags: Russian business     

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
doping scandal  Russian sport  Zhanna Prokhorenko  Murmansk Region  Berendeevo  Macedonia  aircraft  Mikhail Rudakov  Arts and Crafts  Vladimir Clavijo-Telepnev  Russian Arts and Crafts  Russian tourism  oil prices  Music and Art Festival "Tremolo"   Old Russian Literature  Moscow State University  migration in Russia  Southern Ural  incident  Moscow  Russian economy  accident  Russian scientists  Ski resorts  Vuchetich  Proekt Fabrika  Ukraine crisis  Moscow monuments  terrorist organizations  Russian trade  Tula Region  migrants in Russia  Russian oligarchs  Russian science  Kudryashovsky Forest  Akhmatova Days  Exhibitions in Moscow  Russian art  Novgorod Region  South of Russia  Buryatia  Mercedes-Benz Fashion Week Russia  Russian Cinema  St. Petersburg  Krasnodar region  Confucius Institute  Russian space science  Russian business  European Parliament  Active Travel 


Travel Blogs
Top Traveling Sites