Cloetta and Leaf have sealed a €753m merger as the companies eye market leadership in the Nordic region.
Cloetta said the deal would bring together 2,800 employees and would be financed through a cash payment of
€166m and the rest in company shares. It will mean the new Cloetta starts with a net debt of €343.4m.
The company said it was aiming to become the market leader in Sweden and the Nordic region while also
maintaining a presence in Italy and the Netherlands. Cloetta said that the ...