Serbian soft drink maker Nectar buys Slovenian peer Fructal.

By bne IntelliNews July 27, 2011
Serbian soft drink maker Nectar has acquired 93.7% of Slovenian peer Fructal from beverage group Pivovarna Lasko for EUR 35.3mn, Pivovarna Lasko said in a statement on its website. According to a Tanjug News Agency report, however, the stake was sold for EUR 50mn. Fructal is Slovenia's top soft drinks producer. It has production plants in Slovenia and Macedonia and a distribution network in 18 countries around the world, from Canada and the US to Switzerland, Italy, Belarus and Russia. Nectar is one of Serbia's leading fruit and vegetable processors based in Backa Palanka in the province of Vojvodina in the northern part of the country.

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