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UKRAINE: 20th METRO Cash & Carry store employs 300 Ivano-Frankivsk citizens
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METRO Cash & Carry Ukraine on a 3,6 ha land plot on Vovchynetska Street in Ivano-Frankivsk opened its 20th store bringing into the region investing EUR 20 Mio. and creating 300 new jobs for local
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TURKEY: Unilever to sell Turkish olive oil business
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Unilever today announced that it has signed a definitive agreement to sell Komili, the market leading olive oil brand in Turkey, for an undisclosed amount to Ana Gida, part of the Anadolu Group.The
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RUSSIA: CEDC Complete Russian Alcohol Deal, Ups Forecast The Central
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European Distribution Corp (CEDC) has completed its $181.5m investment in the Russian Alcohol Group, which will raise its stake in the company to 42%. It also raised its full-year earnings outlook to a
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RUSSIA: Wal-Mart, Carrefour Aiming For Lenta Acquisition
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Wal-Mart and Carrefour are planning to bid for control of the Lenta hypermarket chain, according to a Reuters report, citing sources close to the sale. The report added that they will be joined by
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DENMARK: Danisco sells sugar arm to Nordzucker
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Danisco, the Denmark-based ingredients group, has sold its sugar business to Germany's Nordzucker. The deal, announced last night (14 July), ends months of speculation over the future of the business
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ITALY: Economic woes at home and away hit Parmalat
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Parmalat has blamed economic problems at home and abroad for a cut in its profit forecast for 2008. The Italy-based dairy giant said "a major decline" in the Italian market and worsening economic
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UK: Companies Involved In Tobacco Price Fixing Receive £132.3m Fine
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Six retailers and tobacco companies agreed to pay combined fines of £132.3m after admitting unlawful cigarette pricing practices. The Office of Fair Trading (OFT) said the companies - Asda, Somerfield, First
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UK: Consumer Prices Edge Higher
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Latest figures released this morning from the Office of National Statistics show that in the year to June, the consumer prices index (CPI) rose by 3.8%, up from 3.3% in May. In the year to June, the all
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US/BELGIUM: InBev and Anheuser-Busch Agree to Combine
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Beer producers InBev and Anheuser-Busch announced an agreement to
combine the two companies, forming the world’s leading global brewer. Anheuser-Busch
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