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Last Updated: Monday, 15 January 2007, 09:56 GMT
Dairy firm in 430m buyout talks
Anchor butter
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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