Euricom S.p.A., a leading global rice specialist, and Mitsui & Co., a leading global trading and investment group, announced on 27 April 2022 a strategic alliance in the European pulses and rice sector. As part of the strategic alliance, Mitsui and Euricom have entered into binding agreements whereby Mitsui will acquire an equity stake in Przedsiębiorstwo Rol-Ryż sp. z o.o.
Rol-Ryż is the market leader in rice in Eastern Europe, Scandinavia, and the Baltics, and is also a Euricom subsidiary that processes and sells pulses.
The transaction is subject to regulatory approvals and is expected to close in the second quarter of 2022.