Lavazza bids to buy French coffee maker Carte Noire (2)

Deal subject to EU, French approval

(ANSA) - Turin, July 22 - Lavazza has submitted a binding offer to buy coffee rival Carte Noire, the French market leader with a 20% share of the domestic retail market. Financial terms were not disclosed and the deal remains subject to approval by European authorities as well as French regulators.
    Under the terms of the deal Lavazza would acquire Carte Noire's coffee-making plant in Laverune in the Languedoc-Roussillon region.
    Lavazza operates in 90 countries around the world and has a 45% share of the Italian retail market.


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