TEXT-Fitch:Pricing power, M&A key risks for EMEA food and consumer
June 28, 2012 at 06:21 AM EDT
June 28 - Fitch Ratings says that the strength of packaged food and consumer companies' pricing power will be tested as the consumer environment remains lacklustre, mainly in developed markets. In addition, M&A risk is medium to high, at least for bolt-on acquisitions, for many Europe-based food and consumer groups as well as risks derived from excessive scale or group complexity.