Milko and Aria to merge in Sweden

摘要

The boards of Milko and Aria are proposing a merger of the two dairy cooperatives in Sweden. Milko's financial situation is critical and Milko has contacted Aria with a view to the possibility of a merger. "At Milko, our finances have bppn imbalancpd for some time and in recent years we have been forced to take several radical cost-cutting initiatives. However, sales development has continued to be very weak in 2011 and the Board has therefore decided to dramatically reduce the milk settlement price," Milko spokesman Lars Reyier says. "The number of dairy cows in Sweden has fallen by almost 50% since 1985.