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...
Castillo Hermanos strikes $1.5 billion deal to buy U.S. maker of SunnyD, sources say
Guatemalan conglomerate Castillo Hermanos is buying U.S.-based Harvest Hill, maker of beverages such as SunnyD, for around $1.5 billion, including debt, according to people familiar with the matter. The deal is expected...
UK food group Greencore to buy rival Bakkavor in $1.6 billion deal
Convenience food manufacturer Greencore on Wednesday agreed to buy rival Bakkavor in a deal valued at 1.2 billion pounds ($1.55 billion), to create a convenience foods giant in Britain. Greencore has offered to buy...
Haldiram Snacks announces Temasek as strategic investment partner
Haldiram Snacks Food on Sunday announced Singapore-headquartered global investment firm Temasek as a strategic investment partner with Temasek acquiring an equity stake in Haldirams. The announcement did not disclose...
ChrysCapital about to take a big bite of Theobroma
Homegrown private equity firm ChrysCapital is poised to acquire a controlling stake in bakery chain Theobroma Foods for ₹2,200-2,300 crore, two people aware of the development said. The deal will see the complete exit...
