Guan Chong buys chocolate maker in Germany for RM138mil


KUALA LUMPUR: Guan Chong Bhd, the fourth largest cocoa grinder in the world, is buying an industrial chocolate maker based in Germany, expanding its downstream business in Europe following a recent venture in Africa.

The company, in a statement today, said it will pay €29.9mil (RM138mil) to acquire the entire equity interest in Schokinag Holding GmbH.

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cocoa , Guan Chong

   

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