Dutch food ordering company Takeaway.com said on Thursday its shareholders had approved plans for the company’s proposed 5.9 billion pound ($7.7 billion) acquisition of British peer Just Eat PLC. In a statement...
Dutch brewing giant Heineken likely to raise stake in United Breweries
Dutch brewing giant Heineken is likely to increase its stake in the United Breweries (UBL) in its bid to attain controlling stake of 51 per cent or more from the current level of around 46 per cent in the beer company...
Bunge sells stake in U.S. ethanol plant as biofuels industry struggles
Bunge Ltd ended its 13-year ownership interest in an Iowa ethanol plant, the company said on Thursday, following industry struggles with thin margins and overproduction. Southwest Iowa Renewable Energy, or SIRE...
KKR, Apax Partners in race to buy significant stake in CCD
Private equity firms KKR and Apax Partners are the only ones left in the race for a significant stake in Café Coffee Day (CCD), as three others including Oyo have backed out after showing early interest, three people...
Bain Capital in talks to buy ice cream maker Dinshaw’s
US-based private equity fund Bain Capital is engaged in talks to buy out ice cream company Dinshaw’s Dairy Foods Pvt. Ltd in a deal that may value the Nagpur-based firm at about ₹800-900 crore, said two people aware of...
Bunge sells margarine business in Brazil to JBS subsidiary
Commodities trader and food processor Bunge Ltd said on Friday it agreed to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos, a subsidiary of Brazilian meat processor JBS SA. JBS said in a separate...
Italian spirits group Campari buys its distributor in France
Italian spirits group Campari has agreed to buy the distributor of its brand portfolio in France for an enterprise value of 60 million euros ($67 million), the company said on Friday. The acquisition is part of a...
Nestle to sell 60% of Herta meats to Casa Tarradellas to create JV
Nestle said on Thursday it had agreed to sell a majority stake in Herta, its packaged meat business, to family-run Spanish company Casa Tarradellas to create a joint venture. Nestle in February put Herta charcuterie...
Patanjali deposits equity for Ruchi Soya acquisition
Patanjali Ayurved has deposited its equity portion in a State Bank of India (SBI) escrow account, in what is the final step before it completes payments for the acquisition of edible oil maker Ruchi Soya. The company...
SBI, other PSBs to lend Rs 4,000 cr to Patanjali for Ruchi Soya acquisition
State Bank of India (SBI) and other public sector banks have decided to lend Rs 4,000 crore to Patanjali Ayurved for the acquisition of Ruchi Soya, which was facing bankruptcy proceedings under the Insolvency and...
Blow for AB InBev’s $11 billion asset sale to Asahi as Australia raises concerns
Australia’s competition regulator raised concerns over an $11 billion deal by Anheuser-Busch InBev to sell its local operations to Japan’s Asahi, dealing a blow to the world’s largest brewer’s efforts to cut debt. The...
Coca-Cola moves out of bottling ops in North India, to divest three plants
Coca-Cola has moved out of bottling operations in North India. The company announced on Wednesday Hindustan Coca-Cola Beverages (HCCB), the groups’ local bottling arm, would transfer its business operations in four...
