Turkish confectionery firm Kent Gida has increased its stake its Russian JV, Chupa Chups Kent (CCK), to 100%.
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St Petersburg-based CCK was set up in 2001 as a 50:50% JV between Kent Gida and Chupa Chups Rus, a subsidiary of Spanish confectionery giant Chupa Chups. It produces chewing gums and other confectionery products.
Kent Gida was recently acquired by the UK’s sweets and beverage giant Cadbury Schweppes.
