Wednesday, November 16, 2016

The Choco BN on the point of change hands – Europe1

United Biscuits, the parent company of the Biscuiterie Nantaise, has sold its subsidiary, best known for his snacks “Choco BN”, said Wednesday the newspaper Le Figaro.

At least three funds in the running for the redemption. The main candidate for the takeover of a French company founded in 1896, is the specialist Dutch biscuits Continental Bakeries, the paper wrote without citing its sources. Among the interested buyers by BN are also included “at least three funds, including a French and a canadian,” adds Le Figaro according to which the amount of the transfer “would be around 20 to 30 million euros” for the company, which generates a turnover of 80 million euros but do not earn money.

United Biscuits is the property since 2014 of the conglomerate Turkish Yildiz, which oversees a wide range of products such as chocolates Godiva, cookies McVitie’s or candy Demet’s.


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