Dukat ups stake in KIM

Croatian dairy producer and Lactalis subsidiary Dukat has increased its stake in KIM Dairy to 91.4% for an estimated €3 million, according to local media reports.

Dukat, which previously held a 66.96% stake in the company, is said to be planning to invest €19.5 million in KIM during the next five years. Based in Karlovac, KIM is a processor of raw milk and produces UHT long-life sterile milk, fresh milk and cheese, spreads, yogurt and desserts.