Trian Fund Management LP disclosed a $3.5 billion stake in Procter & Gamble Co (PG.N) on Tuesday, taking aim at the maker of Pampers diapers as it moves to boost sales and shed unprofitable brands. Trian’s...
FMCG
Ruchi Soya ties up with Patanjali
India’s leading agri and FMCG company Ruchi Soya Industries Ltd has signed an agreement with Baba Ramdev-promoted Patanjali Ayurved Ltd for physical refining and packaging of edible oils. The agreement is valid...
Govt raises Rs 6,700 cr from 2% stake sale in ITC
India has sold a 2 per cent stake in consumer goods and cigarettes maker ITC Ltd, raising about Rs 6,700 crore ($995 million) for the government, three sources with direct knowledge of the deal said on Tuesday. State...
Reckitt Benckiser in talks to buy Mead Johnson for $16.7 billion
Reckitt Benckiser Group Plc (RB.L) is in advanced talks to buy Mead Johnson Nutrition Co (MJN.N) in a $16.7 billion deal that would take the British consumer goods maker into the baby formula market and boost its...
UK’s Imperial Brands teams up in joint venture with China Tobacco
Britain’s Imperial Brands (IMB.L) has formed a joint venture with state-owned China National Tobacco (CNTC) in a move to gain a foothold in the world’s largest cigarette market. The joint venture announced...
China Mengniu offers to buy out Modern Dairy for $826 million
China Mengniu Dairy Co Ltd (2319.HK) has offered to buy out China Modern Dairy Holdings Ltd (1117.HK) for $826 million in a deal that will help it secure a stable supply of raw milk. This follows China Mengniu’s...
Lactalis launches buyout bid to delist Parmalat
France’s Lactalis, the world’s largest dairy firm, said on Tuesday it was launching a buyout offer for shares in Italian group Parmalat (PLT.MI) it does not already own, with the aim to delist the company...
GCPL fully acquires Kenyan co Charm Industries
FMCG major Godrej Consumer Products LtdBSE 0.83 % (GCPL) has made Kenyan firm Charm Industries as its wholly-owned subsidiary by acquiring the rest 49 per cent share for an undisclosed amount. The Godrej group firm...
EU Commission clears Danone to buy WhiteWave subject to conditions
The European Commission on Friday cleared France’s Danone (DANO.PA) to proceed with its $10.4 billion purchase of U.S. organic food producer WhiteWave, subject to it selling a business in Belgium. Danone will sell...
ITC to invest Rs 800 crore on food processing, hotel in Odisha
NEW DELHI: Diversified group ITCBSE -1.69 % will set up an integrated consumer goods facility and a five-star hotel in Odisha at an investment of Rs 800 crore. The integrated consumer goods manufacturing facility is...
Reynolds American rejects BAT’s $47 billion takeover offer: source
U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting its $47 billion takeover offer, a source familiar with the situation told Reuters. Last month...
Dabur to acquire personal care firm in South Africa
NEW DELHI: Consumer goods maker DaburBSE 1.38 % is acquiring the personal care business of CTL group of South Africa. The estimated size of the buyout is over Rs 10 crore . In July this year, the maker of Real juices...
