Romanian dairy producer Albalact is in the process of being taken over by French group Lactalis, Mediafax informs. Albalact’s shareholders have agreed to sell their stakes totaling 70.3 percent in a takeover bid launched by Lactalis aiming to hold 100 percent of Albalact.
This is the second big move the French group is making in Romania, after buying LaDorna from Jean Valvis in 2008.