date:Dec 06, 2013
Lactalis, Europe's biggest dairy group, is close to sealing a deal to buy a 70-percent stake in South Indian dairy company Tirumala Milk Products, French daily Les Echos said on Thursday.
A deal, which could be signed by the end of the month, would value the company at around 220 million euros, the French paper said, citing industry sources as well as Indian media reports.
A spokesman for Lactalis declined to comment on the report.
Founded in 1998, Hyderabad-based Tirumala Milk Products is on