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MOSCOW () -- Grand Metropolitan plc has signed an agreement with the maker of Stolichny Vodka to invest up to $100 million in joint ventures for food and drinks production, GrandMet announced Thursday.
GrandMet and VAO Soyuzplodoimport, a Russian food and drinks concern, will investigate investment opportunities for the production of food and drinks for the Russian market.
The joint ventures plan to eventually produce GrandMet brands in Russia and distribute Stolichnaya and other drinks on the international market, a press release said
GrandMet-Stoli JV
10 February 1995
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