Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring...
Toennies, Germany’s largest meat processor, not for sale – family owners
Germany’s largest meat processor Toennies is not for sale and its ownership structure will remain unchanged, its family owners said on Wednesday. The company’s stakeholders – Robert, Clemens and Maximilian...
PepsiCo says Tropicana selloff won’t hit India business
PepsiCo said its India business will not be impacted by the company’s divestment of Tropicana and other select juice brands in the US and Europe announced on Tuesday. “The transaction announced today by PepsiCo applies...
Kingfisher stake sale, fewer provisions to drive SBI’s Q1 profit: Analysts
The country’s largest state-owned bank, State Bank of India (SBI), could report a healthy set of numbers for April-June quarter of FY22 (Q1FY22) on Wednesday, August 4, supported by recovery from United Breweries...
Karnataka Milk Federation to invest Rs 1000 crore for expansion in Maharashtra through acquisition route
On the spree of major expansion in the Maharashtra market by entering into newer markets of Vidarbha, Karnataka Milk Federation (KMF), which owns “Nandini” the second-largest milk brand in the country, has planned...
United Spirits exits HipBar investment
Liquor major United Spirits Limited (USL) has sold its stake in technology start-up Hip Bar Pvt. Ltd, for an estimated ₹52 lakh, three years after investing ₹27 crore in the Chennai-based company that started out as a...
WayCool Foods invests $5 million into SV Agri
Agri-commerce company WayCool Foods on Friday announced that it is investing $5 million into Siddhi Vinayak Agri Processing, a fully integrated player in the potato supply chain ecosystem. The investment will allow both...
South Africa’s RFG to buy Pioneer’s frozen foods business
A subsidiary of South Africa’s food producer RFG Holdings Ltd will buy the frozen foods business of Pioneer Foods Wellingtons, save for any operations in Botswana and Eswatini, it said on Tuesday The leading...
CCI approves Heineken’s additional stake acquisition in United Breweries
Fair trade regulator CCI on Monday said it has approved Heineken International B.V’s proposed acquisition of an additional equity stake in United Breweries Ltd (UBL). This, however, is subject to the outcome of...
JM Financial Private Equity invests Rs 35 cr in Walko Food
A private equity fund managed by JM Financial has agreed to invest Rs 35 crore in a Pune based consumer packaged food company, Walko Food to fund the company’s current expansion plans. As part of the arrangement, JM...
Campari looking at Asia, U.S. for acquisitions -CEO to paper
Italian drinks group Campari is focused on both Asia and the United States as it presses on with its acquisition strategy and is targeting premium brands, its chief executive was quoted as saying on Monday. “Yes …...
Performance Food Group to buy peer Core-Mark in $2.5 billion deal
Grocery distributor Performance Food Group Co will buy peer Core-Mark Holding Co in a $2.5 billion deal including debt, in a move that would expand its business with convenience stores. Core-Mark shareholders would...
