Former investor in the Russian Union and Eastern Europe, Salford Capital Partners, has quit the dairy business in the form of an exit from Imlek and Mlekara Subotica. Salford’s stake in the dairy producers will be bought out by Dutch group FrieslandCampina according to the memorandum of understanding signed between the two parties. Imlek’s 79 [...]

Citing what it calls painfully slow growth potential for the foreseeable future, Salford Capital is looking to exit its Balkan holdings within the next two years. The company believes the best hope of finding buyers is to court major players in the food industry such as Nestle, Danone, and others. The majority of Salford’s Balkan [...]

Danone, the French food products company known worldwide for its Danone Yogurt and Evian bottled water, is apparently interested in the Serbian dairy industry. Danone is currently talking with Salford Capital Partners, owners of Danube Foods Group, about acquiring two of its dairy companies in Serbia. Salford officials confirm the talks with Danone but say [...]

Standard Bank, the troubled Georgian institution owned by Salford Capital, has been sold to Abu Dhabi Group for an undisclosed sum. The sale follows the sudden death of billionaire Badri Patarkatsishvili at his London estate. Patarkatsishvili, who had close ties to Standard bank, was also a very vocal opponent of Georgian President Mikhail Saakashvili. Salford’s [...]

Dutch-registered Danube Foods, owned by Salford Capital Partners, acquired a majority stake in Mlekara Bitola. Mlekara Bitola Mlekara Bitola has a daily capacity to process 200,000 litres of milk and produces milk, cheese, juices and ice tea. Danube Foods Danube Foods already operates on the local market after it acquired Bucen Kozjak dairy last year. [...]