Ebro Foods To Increase Its Share In Riso Scotti

Spain's Ebro Foods has announced plans to invest €13.5 million to increase its shareholding in Italian rice products group Riso Scotti.

Investing.com reports that Ebro Foods will increase its current 25% stake to 40% after negotiations are completed. With this move, Ebro Foods expects to strengthen its position as a world leader in the rice sector.

Riso Scotti is a specialised company in rice production and processing, which sells its products in more than 70 countries.