Nestle acquired 49.95% of Yfood shares

11:56 - 7.04.2023


April 7, Fineko/abc.az. Yfood, founded in Munich in 2017, collected €120 million in sales with a 100% increase in revenue compared with the previous year, ABC.AZ reports with reference to Bloomberg.

Nestle bought 49.95% of Yfood’s shares. The company did not disclose financial terms of the transaction.