LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Britannia signs MoU with Greek bakery company Chipita; in talks to form joint venture

Britannia on Tuesday said it has signed an memorandum of understanding (MoU) with Greece's cakes and confectionery major Chipita and it is in talks with the company to finalise joint venture.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Britannia signs MoU with Greek bakery company Chipita; in talks to form joint venture
Chipita is present internationally in four major product categories - croissants and similar dough products, savoury snacks (bake rolls), cakes and confectionery. Representational Image. Image Source: Official Website
Written By: PTI
Updated: Tue, Feb 21, 2017
12:47 pm
New Delhi , PTI
RELATED NEWS
Britannia swats demonetisation woes; net profit up 5% in October-December Britannia swats demonetisation woes; net profit up 5% in October-December
Digestive Biscuit dispute: Britannia files counter suit against ITC Digestive Biscuit dispute: Britannia files counter suit against ITC
Digestive Biscuit dispute:  ITC filed case against Britannia Digestive Biscuit dispute: ITC filed case against Britannia
Digestive Biscuit dilemma: Britannia shares up by 3% while ITC trades flat Digestive Biscuit dilemma: Britannia shares up by 3% while ITC trades flat
Britannia's net profit rise by just 6% to Rs 234 crore in Q2FY17 Britannia's net profit rise by just 6% to Rs 234 crore in Q2FY17

FMCG major Britannia on Tuesday said it has signed an memorandum of understanding (MoU) with Greece's cakes and confectionery major Chipita and is in advance stage of discussion to finalise definitive agreements including a joint venture.

"This is inform you that the company has signed a non-binding Memorandum of Understanding (MOU) with Chipita, a Greek company for exploring certain business opportunities. The company is in advance stage of discussion with Chipita to finalise definitive agreements inter-alia include joint venture (JV) agreement," Britannia Industries said in a BSE filing.

Chipita is present internationally in four major product categories - croissants and similar dough products, savoury snacks (bake rolls), cakes and confectionery.

ALSO READ: Britannia swats demonetisation woes; net profit up 5% in October-December 

Chipita is already operating in India. The company has been operating outside Greece since 1995 by setting up manufacturing plants in Bulgaria, Portugal and Egypt, followed by Poland, Romania, Russia and Saudi Arabia and more recently India, and Turkey.

See LIVE stock updates of Britannia Industries here-

At 12:36 hours, the stock of Britannia Industries was trading down 0.90% or Rs 29.25 at Rs 3,224.30 on the BSE.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
BritanniaFMCGConsumer GoodsMoUChipitagreek bakery companyBSEBritannia IndustriesBRITANNIA INDUSTRIES STOCKBulgariaPortugalEgyptPolandRomaniaRussiaSaudi ArabiaindiaTurkeyGreeceJoint Venture
RELATED NEWS
Britannia swats demonetisation woes; net profit up 5% in October-December Britannia swats demonetisation woes; net profit up 5% in October-December
Digestive Biscuit dispute: Britannia files counter suit against ITC Digestive Biscuit dispute: Britannia files counter suit against ITC
Digestive Biscuit dispute:  ITC filed case against Britannia Digestive Biscuit dispute: ITC filed case against Britannia
Digestive Biscuit dilemma: Britannia shares up by 3% while ITC trades flat Digestive Biscuit dilemma: Britannia shares up by 3% while ITC trades flat
Britannia's net profit rise by just 6% to Rs 234 crore in Q2FY17 Britannia's net profit rise by just 6% to Rs 234 crore in Q2FY17

LATEST NEWS

7th Pay Commission Latest News Today: BUMPER! Earn up to Rs 1.19 lakh as per 7th cpc matrix with HRA, DA, TA in this UPSC recruitment 2021 drive

THIS foldable smartphone from Xiaomi to arrive in India soon - Check all details here

Apex Legends Mobile: Check pre-registration link, expected release date, first look, features and more

Stocks to Watch With Anil Singhvi: Why Rallis India could help you mint money | EXPLAINED

HDFC Securities says Traders should sell Nifty on rise around 14450-14500

International Earth Day 2021 Google Doodle: Just check out the new animated Doodle, short video here

Realme 8 5G smartphone launched in India at THIS price - Check camera, specifications, features and more

PUBG Mobile 1.4 update: Check global version beta update APK download link for worldwide users

HeroMoto announces JV with Taiwan-based EV company

JPMorgan on Aurobindo Pharma stock re-rating trigger and target price

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved