Campbell Soup Co (CPB.N) on Friday confirmed that it signed a deal to sell its Australian snacks unit Arnott’s and some of its international operations to KKR & Co Inc (KKR.N) for $2.2 billion as the U.S. company...
KKR buying Australian Tim Tam cookie maker from Campbell for $2.2 billion
KKR & Co (KKR.N) said it is buying Campbell Soup Co’s (CPB.N) Australian snacks unit Arnott’s Biscuits that will give it ownership of top-selling cookie brands such as Tim Tam, in a deal local media reported was...
Colgate to buy skin care business of France’s Filorga for $1.69 billion
Colgate-Palmolive Co (CL.N) said on Thursday it would buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care...
Ruchi Soya: Resolution may be delayed as NCLT wants to study impact of revised NLCAT order on Essar Steel
The Mumbai bankruptcy tribunal NCLT Tuesday directed the resolution professional of Ruchi Soya to find out whether the appellate tribunal NCLAT’s last week’s order on Essar Steel- ArcelorMittal matter would...
SBI Mutual Fund bets big on Emami, increases stake from 0.68% to 8.8%
SBI Mutual Fund (MF) has aggressively hiked stake in homegrown FMCG company Emami. The country’s third-largest fund house’s stake in the company increased from 0.68 per cent to 8.8 per cent. This stake was acquired from...
Kellogg to take $35 million pretax hit on North America unit revamp
Kellogg Co said on Tuesday it would take a pretax charge of about $35 million to restructure its North American business following the sale of its popular Keebler biscuits brand and other assets. The cereal maker said...
Wipro Consumer Care’s growth strategy: explore acquisitions in FMCG sector
Wipro Consumer Care & Lighting, a $1 billion dollar plus firm, will continue to scout for acquisitions in the Fast Moving Consumer Goods (FMCG) sector in domestic and South Asian markets besides growing organically...
GSK Consumers Healthcare gets shareholders’ approval for merger with HUL
GSK Consumers Healthcare Ltd said Sunday that its shareholders approved its proposed merger with FMCG major HUL. The company has received 99.99 per cent votes in favour of the scheme of amalgamation among the company...
Patanjali seeks PSU bank funds for Ruchi Soya buy
Patanjali Ayurveda has approached state-run banks to help fund its Rs 4,350 crore acquisition of Ruchi Soya Industries NSE 1.96 %, said people with knowledge of the matter. The company is looking to raise debt with a...
Avendus fund acquires stake in Bikaji Foods
Avendus Future Leaders Fund-I (FLF) on Monday said it has bought a minority stake in snack maker Bikaji Foods International Ltd from two existing investors. The company did not disclose the financial details of the...
DBS wants a higher share in Patanjali’s offer to settle Ruchi Soya dues
DBS Bank has told the NCLT on Tuesday that it wants a higher share in the amount that Patanjali is offering to settle banks’ dues for the distressed Ruchi SoyaNSE -5.00 %. The bank has said that it has an exclusive...
Patanjali moves closer to acquisition of Ruchi Soya
Patanjali Ayurved’s proposed acquisition of Ruchi SoyaNSE 6.25 % has reached the final stages with the Committee of Creditors (CoC) meeting on Tuesday to clear the proposed deal, two officials directly aware of the...
