 Anchor is one of Arla's brands |
British dairy firm Arla Foods has said it is in "advanced" talks over a buyout by its main shareholder. Swedish-Danish co-operative Arla Foods Amba, which already owns 51% of the UK firm, has offered 71 pence a share for the rest of the company.
The bid values Leeds-based Arla Foods UK at about �430m.
Arla Foods UK was created in 2003 when the Swedish-Danish firm merged its UK unit with Express Dairies. Its brands include Lurpak and Anchor butter.
Arla Foods UK has 3,000 staff and annual sales of more than �1bn.
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