The Competition Commission of India on Tuesday approved Singapore’s Temasek Holdings proposed acquisition of a minority stake in Haldiram Snacks Food. Temasek Holdings through its arm Jongsong Investments Pte is...
UK food group Greencore seals $1.6 billion Bakkavor deal
Convenience food manufacturer Greencore said on Thursday it had agreed to the terms of a recommended acquisition of UK fresh food provider Bakkavor Group, in a deal valued at 1.2 billion pounds ($1.59 billion). In...
Nutresa sells Colombian Starbucks franchise stake to Mexico’s Alsea
Colombian processed food company Nutresa said it sold its 30% stake in the country’s Starbucks franchise operator to a unit of Mexican restaurant chain Alsea. In a statement on Monday night, Nutresa said it had...
Global Eggs completes acquisition in US, closes new deal in Europe
Global Eggs, a group controlled by Brazilian entrepreneur Ricardo Faria, has completed its $1.1 billion acquisition of U.S. egg producer Hillandale Farms, just weeks after closing a new deal in Europe, Faria told...
Jubilant Beverages get CCI nod to acquire 40 pc stake in Hindustan Coca-Cola Holdings
Fair trade regulator CCI on Thursday cleared Jubilant Beverages’ proposal to acquire a 40 per cent stake in Hindustan Coca-Cola Holdings Pvt Ltd (HCCH). “The proposed combination relates to inter alia, JBL...
Pernod completes sale of wine portfolio to Accolade Wines owner
Pernod Ricard has completed the sale of its international wine portfolio, including brands like Jacob’s Creek, to Accolade Wines owner Australian Wine Holdco, it said on Wednesday. The transaction will result in...
Alpha Wave Global, IHC seek CCI nod to acquire minority stakes in Haldiram
Alpha Wave Global, and IHC (International Holding Company) have sought the Competition Commission of India’s approval to acquire minority stakes in Haldiram Snacks Food. Alpha Wave is a global investment company...
Devyani International buys 80% in Biryani by Kilo for Rs 419 crore
Devyani International Ltd (DIL), franchise operator of KFC and Pizza Hut in India, has acquired an 80.7% percent stake in Sky Gate Hospitality, the parent company of Biryani by Kilo, it said in a stock exchange filing...
CCI approves Kandhari Beverages proposal to acquire Coca-Cola’s bottling arm for Rs 2,000 crore
Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to...
Thailand’s Charoen Pokphand Foods to buy Itochu’s stake in C.P. Pokphand for $1.1 billion
Thailand’s food giant Charoen Pokphand Foods will buy a 23.8% stake in C.P. Pokphand from Japanese trading house Itochu Corp for $1.1 billion to become its sole owner, the company said on Monday. Bermuda-based C.P...
Olam to focus on food ingredients business, sell the rest
Singapore-based food conglomerate Olam Group said on Monday it would invest $500 million in its food ingredients business and divest all remaining businesses and assets over time. The commodity trader, which counts...
Haldiram’s Nagpur & Delhi branches complete merger
“A new chapter begins and it’s a significant one,” ethnic snacks maker Haldiram’s chief executive KK Chutani wrote on social media platform LinkedIn on Monday afternoon, to announce the merger of two family entities...
