Nestlé is to increase its stake in German frozen food and pizza company Wagner Tiefkuehlprodukte.
Go deeper with GlobalData
The company currently owns a 49% stake and said it now intends to increase its shareholding to 74%, with effect from 1 January next year.
The deal is subject to the approval of the German Federal Cartel Office.
“Nestlé has established itself as the ideal partner, our business in Europe continues to develop new markets,” said Wagner CEO Gottfried Hares.
Hares added that the increased stake will have no influence on the control structure of the business, which remains equal between Wagner and Nestlé.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataWagner is based in Nonnweiler-Braunshausen and Nonnweiler-Otzenhausen, two towns in the Saarland region of Germany.
