PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Orkla is buying Hamé for CZK 4.7bn

Norwegian group Orkla, which owns also Czech foodstuffs company Vitana, has entered into an agreement for the acquisition of Czech foodstuffs company Hamé. Hamé is being sold by Luxembourg-based private equity holding Decapterus for EUR 175m (CZK 4.7bn). The transaction is subject to approval by antimonopoly authorities. According to Hamé’s general director Martin Štrupl, the new owner will make use of the brand’s potential and support its growth. Orkla Foods’ vice-president and CEO Atle Vidar Nagel-Johansen has stated that Orkla is becoming an attractive supplier to the Czech and Slovak foodstuffs markets thanks to Vitana and Hamé.

Source: www.cianews.cz