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Swedish Investment Firm to Buy Stake in Danone's Iran Producer

Swedish investment firm Serkland Invest AB agreed to buy a stake in Iran’s Sahar Dairy Co., which makes Danone and Le Groupe Bel SA products in the country.

Serkland, which invests in consumer goods, will spend "tens of millions of euros" on the minority holding in Sahar, and may secure further investment from other European firms for the stake, founder Omid Gholamifar said in an interview in Tehran on Sunday.