Britannia Industries signs JV agreement with Chipita

Indian company Britannia Industries Ltd announced it has signed a joint venture agreement with Greek food company Chipita, with the estimated investment in phase I of the joint venture at 1 billion rupees (14.1 million euros).

Britannia said it will hold 60 percent and Chipita will hold 40 percent of the share capital of the new company to be named Britchip Foods Ltd.

[Reuters]