Reuters – Barilla Sells German Bakery Biz

Barilla, the world's biggest pasta maker, said on Tuesday it was looking to sell its only remaining German business, bakery chain Lieken AG, as the company increases its focus on pasta and higher-margin food products, Reuters reported. The Italian food group bought Duesseldorf-based Lieken in 2002 as part of its acquisition of another bakery chain, Kamps, which it sold to private equity firm ECM in August 2010. While mergers and acquisitions have ground to a near halt in crisis-hit Italy, Germany is still attracting investors as the euro zone's strongest economy.

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