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Wimm-Bill-Dann To Continue Share Buyback

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  • Wimm-Bill-Dann To Continue Share Buyback

    WIMM-BILL-DANN TO CONTINUE SHARE BUYBACK

    Drinks Business Review
    11-August-2009

    Intends to purchase up to 3% more shares

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    A Wimm-Bill-Dann board member stated that the company will continue
    its share buyback programme by purchasing up to 3% of its shares,
    if the market price favours, reported Reuters.

    Wimm-Bill-Dann board member Maria Kagan said that the firm does not
    have any borrowing plans.

    She further added that Wimm-Bill-Dann is planning to launch a dairy
    plant in Georgia to cater to consumers in Georgia, Armenia and other
    parts of the Caucasus region.

    Wimm-Bill-Dann is into dairy products and children's food in Russia
    and also operates in the market for non-alcoholic drinks in Russia
    and the CIS. Its brands include: Domik v Derevne (Little House in the
    Village), Chudo (Wonder), Vesely Molochnik (Happy Milkman), Imunele
    and Lamber. It has more than 35 production facilities in Russia,
    Ukraine and Central Asia.
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