[an error occurred while processing this directive]
BBC News
watch One-Minute World News
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.

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific