Lenders to bankrupt infrastructure financier IL&FS have cleared the sale of three road projects that would fetch them nearly Rs 6,250 crore. The committee of creditors approved the sale of Chenani-Nashri Tunnel to...
Diageo raises stake in United Spirits to 55.9%
British spirits giant Diageo has bought shares worth about Rs 352 crore or 0.7 per cent in United Spirits, raising its total stake in India’s largest liquor firm to 55.9 per cent. The maker of Johnnie Walker and...
PepsiCo buys Chinese snack brand Be & Cheery for $705 million
PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million, the companies said. The U.S. multinational food and beverage maker said the...
McLeod Russel defaults at Rs 1,187 cr; to sell tea estates to pare debt
Williamson Magor Group (WMG) owned McLeod Russel on Wednesday said it has defaulted on payments of Rs 1,187.09 crore till December 31, 2019. According to a regulatory filing on the BSE, the company said that while its...
Bunge bids for two Brazil soy plants, building lead over Cargill
Bunge Ltd has offered to buy two soy processing plants in Brazil from local crusher Imcopa, the U.S. grains trader said on Tuesday, reinforcing its position as the country’s biggest oilseeds processor. Two sources...
Brazil’s 3Coracoes buys Mitsui coffee unit for $48 million
Brazilian coffee company 3Coracoes announced on Monday the acquisition of a large part of Mitsui & Co Ltd’s coffee business in Brazil for 210 million reais ($48.55 million). 3Coracoes, a joint venture between local...
Tata-PepsiCo joint venture to be revised
Tata Global Beverages and PepsiCo have decided to revise the terms of their joint venture agreement a decade after they formed NourishCo Beverages to accommodate the two partners’ individual business expansion plans and...
Coca-Cola Brasil asks court to void Heineken acquisition in Brazil: report
Coca-Cola Brasil has filed a motion in a Brazilian court to annul the 2017 Heineken (HEIN.AS) acquisition of Brasil Kirin , the Valor Economico newspaper reported on Friday, citing court documents. According to the...
UK regulator probes Takeaway.com’s takeover of Just Eat
Britain’s competition watchdog will probe Takeaway.com’s buyout of Just Eat, possibly delaying completion of the multi-billion dollar deal to create one of the world’s largest meal delivery companies. The investigation...
Carlyle, Orkla Foods, TA Associates in race to buy Sunrise Foods
Kolkata-based Sunrise Foods Pvt. Ltd, which sells Indian spices, has received interest from global private equity firms, including Carlyle Group and TA Associates, as well as Norwegian supplier of branded consumer goods...
Vadilal ice cream eyes a ₹1,000 crore PE flavour
The feuding promoters of Vadilal Industries Ltd are in advanced talks to sell their entire stake in the ice cream maker and its domestic distribution business to a combine of Arpwood Partners and PAG, two people aware...
Zomato acquires Uber Eats business in India to consolidate position
Zomato, the online food delivery and restaurant aggregator platform, on Wednesday announced that it has acquired Uber Eats’ business in India in an all-stock deal that will see the ride hailing company’s food...
