Indian winemaker Sula Vineyards’ shareholder Verlinvest is looking to sell up to a 12.56% stake in the company through a block deal, CNBC-TV 18 reported. The block price of the deal may be in the range of 473-508...
NCLAT stays admission of Coffee Day Enterprises for insolvency
The appellate tribunal of the bankruptcy court Friday stayed the admission of Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the “calm...
Campbell to buy Rao’s premium sauces maker Sovos for $2.33 bln
U.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said, beefing up its meals and beverages business with the maker of...
Coca-Cola bottler CCEP intends to acquire Coke’s Philippines business for $1.8 billion
Coca-Cola Europacific Partners said it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures (AEV) for $1.8 billion, in an effort to become the world’s largest Coca-Cola bottler...
Bikaji Foods International acquires 49% equity stake in Bhujialalji
Bikaji Foods International Ltd on Wednesday acquired a 49 per cent stake and 396 compulsorily convertible debentures (CCDs) in Bhujialalji Pvt Ltd, the company said in a BSE filing. The deal comprised 9,608 equity...
Energy drink maker Alani Nu explores options including sale
Alani Nu, the energy drinks and snack maker founded by personal trainer and social media influencer Katy Hearn, is exploring options that include a full or partial sale of the company at a valuation of more than $3...
GQG Partners acquires 5.96% stake in Patanjali Foods via offer of sale
NRI Rajiv Jain-led GQG Partners, which has in recent times poured in billions of dollars in Adani Group firms after the Hindenburg report, has now invested around Rs. 2,400 crore in Ramdev-led fast-moving consumer goods...
Bain Capital in talks to buy Indian ice cream maker Vadilal – CNBC-TV18
U.S. private investment firm Bain Capital is in talks to buy Indian ice cream maker Vadilal and also considering taking control of Vadilal Industries and Vadilal Enterprises, which make and market the ice cream, CNBC...
Mars to buy healthy food maker Kevin’s Natural Foods
Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin’s Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said. The deal values private equity-backed...
Royal Unibrew to buy Heineken’s Vrumona
Danish brewer and beverage group Royal Unibrew has agreed to buy soft drinks maker Vrumona from Heineken for 300 million euros ($327 million), it said. Royal Unibrew said in a statement it expected to close the deal in...
CCL acquires six coffee brands from Lofbergs Group
India’s largest instant coffee manufacturer CCL Products (India) Ltd said it has acquired six coffee brands, including Percol, from Sweden-based coffee roasters Lofbergs Group. In a deal estimated to be around...
Bunge finalizing $30 billion-plus merger with Viterra – sources
U.S. grains merchant Bunge Ltd is putting the final touches on a deal to merge with Glencore Plc -backed peer Viterra and create an agricultural trading giant worth more than $30 billion, including debt, people familiar...
