A Czech antitrust regulator has recently approved the planned acquisition of United Bakeries.Posted at 11:59 pm on December 23, 2015 by Jan Uruba
The Luxembourg-based company Moulins de Kleinbettingen is set to acquire a majority stake in the leading bakery group in the Czech Republic. The Office for the Protection of Competition has approved the transaction.
United Bakeries a.s. is currently owned and run by Marek Parík, who laid the foundation stone of the bakery alongside with his brother. The corporation arose in 2009 from a merger of two biggest Czech baking groups – Delta Pekarny and Odkolek.
Nowadays, United Bakeries a.s. is operating as a subsidiary of European United Bakeries S.A. and owns dozen production plants all over the Czech Republic and Slovakia. It supplies supermarkets such as Tesco, Lidl, Kaufland or Albert.
The group’s biggest competitor is Penam – a bakery belonging to the Agrofert Holding a.s. owned by Finance Minister Andrej Babis /ANO/.