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Natra said the parties weren't able to reach an agreement under the terms and conditions established initially in the preliminary agreement, adding "this has caused negotiations to end".
The plan was for the Swiss chocolate company to integrate its European consumer business within Natra. Barry Callebaut was to become a minority shareholder in the Spanish holding, and Natra had agreed to buy a minimum of 85,000 tons annually of liquid chocolate from Barry Callebaut.
Natra had hoped to become a significant player in Europe's private-label chocolate sector, with combined sales of EUR850 million for 2008, Barry Callebaut said at the time the initial deal was announced.
-By Christopher Bjork, Dow Jones Newswires, +34 91 395 8123; christopher.bjork@dowjones.com
(END) Dow Jones Newswires
09-09-09 1208ET
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