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Ebro Foods To Increase Its Share In Riso Scotti

By Steve Wynne-Jones
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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.

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© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Roeder. To subscribe to ESM: The European Supermarket Magazine, click here.
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