Coca-Cola buys Serbia's Josh-maker Bambi for €260m
Updated : 07:44
Coca‑Cola HBC said it had bought Serbian confectionery business Bambi for €260m (£227m).
The company said on Monday it had bought the company from funds advised by Mid Europa Partners, a buyout investor in Central and Eastern Europe. Completion of the acquisition is expected in the second quarter of 2019.
Bambi, established in 1967, makes a range of products including biscuits, wafers and savoury snacks. The company's brands include Bambi, Plazma, Wellness, Zlatni Pek, and Josh.