Private equity firm cleared to acquire Mieszko
Lithuanian company Eva Grupe has been given clearance by Poland’s competition regulator to attain a majority stake in Polish confectioner Mieszko.
The private-equity firm stands to gain a 65.9 per cent shareholding after being given the go-ahead by Poland’s anti-trust body UOKiK as it steps-up investments in the confectionery market.
Eva Grupe also has a minority stake in Lithuanian confectioner, Vilniaus Pergale, a prominent producer of chocolate and sweets for Baltic states.
Mieszko is among the three largest independent chocolate manufacturers in Poland. The nation’s leading confectionary firm Wedel will be auctioned off by Kraft later this month after the industry giants were forced to sell under EU competition rules as part of it Cadbury takeover.
