Ulker Biskuvi Sanayi AS (ULKER), Turkey’s largest sweets maker, is in talks with Ukraine’s Rainford Group to buy its confectionary assets, Mergermarket reported, citing two people close to the situation that it didn’t name.

The talks may be concluded within a month, and Ulker may spend more than $600 million on acquisitions this year, Mergermarket said citing one of the people.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net