French Fry manufacturer Aviko, a subsidiary of Royal Cosun and Snow Valley Agriculture have agreed to end their joint venture in China.
Ambos os socios concluíron que as súas opinións sobre o crecemento no mercado chinés difiren ata tal punto que hai poucas bases para continuar xuntos con éxito.
Sobre a base de negociacións construtivas, os socios acordaron que Snow Val Agriculture will take over the Aviko share package of 51%. Aviko will pursue its growth ambition in China on the basis of alternative sourcing lines.
Este acordo require o permiso das autoridades chinesas. Está previsto que a transacción finalice a finais deste ano.
Snow valley built a french fry factory in China in 2012 with help of Aviko. The potato procesamento planta comezou a produción en 2013.
En 2014, Aviko increased its interest in the joint venture to 51 percent.
The company is marketing its french fries using the brand names Aviko, Diamond,Tulip and Windmill.
