23 February 2017 Current Affairs: Bangalore based Indian food-products corporation Britannia has signed an MoU with Greece’s cakes and confectionery major Chipita for exploring certain business opportunities on February 22, 2017.
ii. This is the first joint venture after Britania’s tie-up with New Zealand’s Fonterra Dairy and and dairy giant Groupe Danone SA dissolved in 2009
Chipita: Chipita S.A. is a food company in Greece. It operates in 66 countries. It is already operating in India.
Chipita’s brands include 7Days, Molto, Fineti and Chipicao, spanning categories such as croissants, cakes, biscuits, jams and confectionery.