United Biscuits bought out by Turkish food conglomerate

McVitie’s and Jaffa Cakes maker United Biscuits is to be swallowed up by Turkish food conglomerate Yildiz Holdings in a deal believed to be worth £2bn (€2.56bn), it was announced today.

United Biscuits bought out by Turkish food conglomerate
Mon, 03 Nov, 2014 - 16:42

McVitie’s and Jaffa Cakes maker United Biscuits is to be swallowed up by Turkish food conglomerate Yildiz Holdings in a deal believed to be worth £2bn (€2.56bn), it was announced today.

Yildiz was reported to have prevailed against rival bids from Burton’s and America’s Kellogg’s.

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