Franck Sells Stake In Adria Snack Company To Intersnack
Croatian coffee and tea company, Franck has sold its stake in Adria Snack Company to Netherlands-based Intersnack International.
The value of the transaction was not made public, but it is being speculated that it could amount to around €12 million.
According to a report in the Croatian local daily, Večernji List, the money received from the transaction was used to pay off debts owed by the company to the country's second largest bank, Privredna Banka Zagreb.
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