Shares of Varun Beverages Ltd (VBL) jumped 2.2% to an intraday high of Rs 480 on the BSE on Monday, December 22, after the company’s Board of Directors approved the acquisition of South Africa-based Twizza Proprietary...
Varun Beverages to acquire South African beverage firm Twizza at enterprise value of Rs 1,118.7 crore
Varun Beverages, PepsiCo’s largest franchise bottler, on Sunday announced to completely acquire South Africa-based firm Twizza, through its its own local subsidiary there – The Beverages Company Proprietary...
Haldiram’s enters strategic partnership with L Catterton
Global consumer-focused investment firm L Catterton on Thursday announced a strategic partnership and investment in India’s largest ethnic snacks company Haldiram’s. The consumer-focused investment firm backed by...
Campari sells Averna and Zedda Piras in 100 million euro deal
Italian drinks group Campari said on Thursday it had agreed to sell its brands Averna and Zedda Piras to spirits company Illva Saronno for 100 million euros ($117.45 million). The sale is another step in Campari’s...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Britain clears Greencore, Bakkavor’s $1.6-billion food group merger
Britain’s competition regulator has cleared the proposed 1.2-billion-pound ($1.61 billion) merger between convenience food manufacturers Greencore and Bakkavor on Wednesday, scrapping an in-depth probe into the...
Diageo sells East African Breweries stake to Asahi for $2.3 billion
Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal...
Coca-Cola holds last-ditch talks in bid to salvage Costa Coffee sale, FT reports
U.S. soft drinks company Coca-Cola’s proposed sale of Costa Coffee is at risk of collapsing, with the company holding last-ditch talks this weekend with private equity firm TDR Capital in an effort to salvage the...
Jasper Food acquires 10 percent stake in Shark Tank-featured SoupX
Jasper Food Manufacturers Pvt. Ltd. (JFMPL), the Ready-to-Eat (RTE) and Ready-to-Cook (RTC) arm of Jasper Group, has acquired a 10% equity stake in SoupX, a health-focused food-tech brand recently featured on Shark Tank...
AB InBev to acquire 85% stake in beverage maker BeatBox for $490 million
Anheuser-Busch InBev on Friday said it plans to acquire a majority stake in the U.S.-based ready-to-drink beverage brand BeatBox for about $490 million. The deal would give Anheuser-Busch ownership of 85% of the...
Performance Food Group and US Foods end merger talks
Performance Food Group Company and US Foods will no longer pursue a potential merger, the companies said on Monday. The move comes roughly two months after the food distributors agreed to exchange sensitive financial...
Japan’s Kirin in talks to pull out of Bira 91 maker B9 Beverages amid brewing financial strain
Japan’s Kirin Holdings, the largest investor in Bira 91 craft beer maker B9 Beverages, is in talks with the crisis-ridden brewer’s founder Ankur Jain to exit its investment, multiple people aware of the negotiations...
