ITC Limited is going to acquire Kolkata-based packaged spice firm Sunrise Foods which it said will help to scale up the FMCG business. The size of the deal was not revealed. The share purchase agreement was finalized on...
How GSK-HUL deal has ended up being a win-win for shareholders
When it comes to mergers and acquisitions using share swaps, there can always be a slip between the cup and the lip. For instance, a deal can be struck assuming the acquirer’s shares will trade at a certain value. But...
GSK selling $3.45 bln stake in Hindustan Unilever: Source
GlaxoSmithKline is selling $3.45 billion worth of shares in Unilever’s Indian business on the open market, one of the bookrunners organising the transaction told Reuters. The 5.7% stake in Hindustan UnileverNSE -1...
Government aims to raise Rs 22,000 crore from ITC, Axis stake sale
The government is seeking to raise around to Rs 22,000 crore by selling its entire stake in FMCG–hospitality–cigarette major ITC and Axis Bank, one of the leading private sector lenders. “Given the current timeline, the...
GSK preparing to start Rs 28,000 crore stake sale in HUL
After the finalisation of merger between GlaxoSmithKline (GSK) Consumer Healthcare and Hindustan Unilever, GSK Plc is preparing to start selling its stake in the FMCG giant. ET Now, quoting agencies, said GSK PLc is...
ITC expects collaborations with unlikely partners to open new distribution channels
FMCG major ITC expects its new collaborations with unlikely partners, including Domino’s, Swiggy and Zomato in the wake of coronavirus pandemic and subsequent lockdown opening new distribution channels, to become...
ITC ties up with Jubilant FoodWorks to deliver food items via Domino’s app
In a first-of-its-kind partnership between a quick service restaurant and a fast-moving consumer goods company, Jubilant FoodWorks, the master franchisee of the Domino’s brand in India, is partnering with ITC to deliver...
HUL acquires Horlicks from GSK for Rs 3,045 crore
Hindustan Unilever Limited (HUL), the country’s biggest consumer goods firm, said it has acquired Horlicks brand from GSK Plc for Rs 3045 crore for the Indian market, exercising its option from the original...
Nestle buys Lily’s Kitchen pet food, sees some coronavirus stockpiling
Nestle bought London-based Lily’s Kitchen that makes food for dogs and cats in the higher-priced segment, the Swiss group said on Wednesday, as it bulks up in pet food, its fastest-growing product category. Purina...
HUL to acquire VWash from Glenmark Pharma
Hindustan Unilever Limited(HUL) on Monday said it has signed an agreement with Glenmark Pharmaceuticals Ltd to acquire its intimate hygiene brand VWash. The deal includes acquisition of intellectual property rights...
HUL board to meet on April 1 to declare merger with GSKCH
Hindustan Unilever on Friday said its board will meet on April 1 to declare that the merger with GlaxoSmithKline Consumer Healthcare (GSKCH) will be effective from that day. Hindustan Unilever Ltd (HUL) and GSKCH have...
Coca-Cola Brasil asks court to void Heineken acquisition in Brazil: report
Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken (HEIN.AS) acquisition of Brasil Kirin , the Valor Economico newspaper reported on Friday, citing court documents. According to the...
