Russian juice group denies Nestlé interest

- Last updated on GMT

Related tags: Stock market, Stock

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.

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.

Related topics: R&D, Juice Drinks

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