Merger discussions between Dutch dairies Wessanen and Friesland Coberco Dairy Foods are reportedly getting nowhere (see DII 64(1)5).
However, in a separate development Friesland Coberco’s Netherlands rival Campina Melkunie has purchased a 5.02% stake in Wessanen.
Campina was obliged by Dutch law to inform Wessanen of the acquisition as it took it over a 5% ownership threshold. However, Campina has not made clear its future intentions and it is said to have had no further contact with Wessanen.