Russian juice producer Lebedyansky could buy one of its main competitors, Nidan, according to local speculation. Rumours have circulated in the country, suggesting an acquisition could be completed as early as next month.

Novosibirsk-based Nidan, the country's fourth largest juice player, did not deny they are hoping to find a buyer in the reports. Nidan director Olga Yeremeeva told local press: "We have never denied our readiness to negotiate with a potential strategic investors and are still open for any proposals no matter from whom they come." Lebedyansky did not give any information about negotiations with Nidan.

Lebedyansky's production capacity is 1bn litres of juices per year and the company currently controls approximately 45% of the Siberian market. The main assets of Nidan are held in Siberia and so an acquisition could triple Lebedyansky market share in the region. According to investment company Renaissance Capital, Nidan would cost around US$550-US$600m.