Russian juice group denies Nestlé interest
Wimm-Bill-Dann, the Russian food and drink producer, has denied
reports in the international press that it is being eyed by Nestle,
the giant Swiss food and drink group.
reports in the international press that it is being eyed by Nestle,
the giant Swiss food and drink group.
Wimm-Bill-Dann, the Russian food and drink producer, has denied reports in the international press that it is being eyed by Nestle, the giant Swiss food and drink group.
A report in last week's UK Sunday Times newspaper said that Nestle was looking to take a controlling stake in Wimm-Bill-Dann.
The Russian company listed on the New York Stock Exchange after a public offering earlier this year, and a company spokesman said this meant that any sale of shares was out of the question.
Under the rules of the exchange, the company is subject to a 'blackout period' which prohibits major shareholders from any significant share dealings until 8 August. The spokesman stressed that no one had raised the subject of a Nestle bid.
