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. Last Updated: 07/27/2016

Danone Buys Bolshevik

PARIS () -- French food group Danone, best known for its yogurt and dairy products, said Tuesday it would buy Russia's biggest cookie-maker, Bolshevik.

It said in a statement it was taking a controlling stake in Bolshevik, but gave no details on the deal's cost. Bolshevik has 30 percent of the Russian market, and 1993 sales of $28 million, it said.