date:May 13, 2014
Dutch dairy co-operative Royal FrieslandCampina has announced plans to acquire 60-75% stake in India-based Parag Milk Foods, in a deal worth $350m.
The existing private equity investors in Parag Milk including Motilal Oswal PE and IDFC Alternatives are expected to offload their shares, reports economictimes.
Parag Milk Foods currently has the capacity to produce one million liters of milk everyday. It also offers whey protein and cheese, besides traditional milk and milk products.
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