Fromageries Bel reported consolidated sales results for the third quarter and nine months of 2012. For the quarter, the company's sales were EUR 664 million compared to EUR 634 million a year ago. For the nine months, the company's sales were EUR 1,961 million compared to EUR 1,858 million a year ago. Excluding a positive 1.8% impact from foreign exchange fluctuations, nine-month sales advanced 3.8% organically.

Fromageries Bel may purchase ZAO KARAT from Vladimir Korsun. According to the news report, the sum of the deal may be for RUB 500 million. It added that Karat plant is also negotiating with other investors, which are not named. The report mentioned that Vladimir Korsun denied commenting on the issue. The transaction will be handled by Societe Generale. According to the representatives of Investment Group "Russian Funds" which control 22.46% of Karat, there are several possible deal options. Additional issue may be performed or the shares of the owners may also be sold. Other investors may participate in the deal apart from Bel. Also Russian funds will decide whether to sell its stake or not depending on the deal option and the potential buyer. Vladimir Korsun denies information on the possible deal. Bel did not comment on the issue.

Fromageries Bel reported sales results for the first quarter of 2012. The company generated total sales of EUR 648 million against EUR 594 million a year ago. Excluding a positive 0.1% impact from foreign exchange fluctuations, first quarter sales advanced 9.0% organically.