22 September 2008 - Croatian dairy producer and Lactalis subsidiary Dukat has increased its stake in KIM Dairy to 91.4% for an estimated 3 million euro, report local media.
Previously, Dukat had a 66.96% stake in the company.
In August, the Croatian Privatisation Fund (HFP) announced that 24.5% of dairy producer KIM's shares were for sale at a starting price of 5.8 million kuna (803,000 euro).
Based in Karlovac, KIM is a processor of raw milk and produces UHT long-life sterile milk, fresh milk and cheese, spreads, yoghurt and deserts. KIM has approximately 190 employees.
Dukat said it would invest 143.4 million kuna (about 19.5 million euro) in KIM during the next 5 years.