France's Lactalis says agrees to buy India's Tirumala

PARIS Tue Jan 7, 2014 8:38am EST

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PARIS (Reuters) - Lactalis, Europe's biggest dairy group, said on Tuesday it had agreed to buy South Indian dairy company Tirumala Milk Products for an undisclosed amount.

"I confirm that Lactalis bought Tirumala Milk Products," a Lactalis spokesman said.

He was speaking after sources told Reuters that Lactalis agreed to buy Tirumala for $250-$300 million.

(Reporting by Dominique Vidalon; Editing by Lionel Laurent)