Premia Foods sells ice cream business to Ukraine

Estonian icecream and frozen goods producer Premia Foods announced today that its ice cream and frozen goods business in Baltic states and Russia will be sold to Food Union, a Ukraine food business.

The amount of the transaction is EUR 27.1 million, reported Äripäev.

With the transaction two out of three AS Premia Foods’ business segments will be sold that make up about half of the company’s turnover.

Read more from BBN

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