Monday, November 13, 2006

Barista likely to be bought by Italian coffee chain Lavazza

The Economic Times reports that Italy’s leading coffee chain, Lavazza has made an aggressive move to purchase the Barista Coffee chain owned by C Sivasankaran. Standard Chartered Bank had advised C Sivasankaran to ask for Rs. 2.5 billion for the coffee chain and according to sources, Lavazza has bid close to this figure. Other companies interested in purchasing the company are rival coffee chain, local chain CafĂ© Coffee Day, a European coffee chain and financial investors.

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