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Bongrain sells Fromageries Paul Renard

This article was originally published in Dairy Markets

French dairy group Bongrain has sold its 99.59% stake in cheese subsidiary Fromageries Paul Renard to Altarea SCA. The transaction was worth an estimated €14.7 million. Altarea will now launch a tender offer for the remaining shares in Euronext-listed Fromageries Paul Renard.

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