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PAG, MERIDIAN CAPITAL – ACQUISITION OF FOOD UNION MARKET

17 febrero, 2017

Asian private equity firm PAG and international private equity firm Meridian Capital have announced an investment of $225m in the milk processing and ice cream maker Food Union Group. PAG will invest $170m and existing investor Meridian will invest $55m and the capital will support the expansion of Food Union in China. Food Union is a leading milk processing company in Latvia and the largest ice cream manufacturer in the Baltics and Denmark.