Australia cleared a dairy producer part-owned by the Chinese government to buy local infant formula maker Bellamy’s Australia Ltd for A$1.43 billion (£766.08 million) but imposed several conditions amid a potential...
Anheuser-Busch to buy out Craft Brew Alliance in $321 million deal
Brewer Anheuser-Busch Inbev NV will buy the rest of Craft Brew Alliance that it does not own in a deal valuing the Portland-based brewing company at about $321 million, the two companies said on Monday. Shares of Craft...
Coca-Cola set to sell some bottling units to partners
American beverages major Coca-Cola is close to finalising deals to sell part of its bottling operations in India to three franchise bottling partners, three officials directly aware of the developments said. The...
Pilgrim’s Pride closes Tulip acquisition, strengthens position in UK pork market
Brazil’s JBS SA said on Tuesday that its subsidiary Pilgrim’s Pride Corp concluded the acquisition of Tulip Ltd in the United Kingdom, where the company is seeking to strengthen its position in the market for pork. In a...
Italian coffee maker Massimo Zanetti buys Brazil’s Cafe Pacaembu
Massimo Zanetti has bought Brazil’s Cafe Pacaembu to expand its footprint in the country, the second-biggest market for coffee consumption in the world, the Italian group said. The brand of Cafe Pacaembu, which was...
Haldiram emerges sole bidder to buy insolvency-bound Kwality for Rs 130 cr
Delhi-based Haldiram group has emerged as the sole bidder for acquiring debt-ridden dairy firm Kwality with an offer of around Rs 130 crore in the ongoing insolvency process, sources said. The lenders are likely to vote...
New Zealand’s Fonterra sells its 50% stake in DFE Pharma for $400 million
New Zealand’s Fonterra on Wednesday agreed to sell its 50% stake in DFE Pharma for NZ$633 million ($400.37 million) as the world’s biggest dairy exporter trims its overseas portfolio to focus on domestic business. The...
NCLAT orders review of McDonald’s-Vikram Bakshi settlement
The settlement of a six-year dispute between McDonald’s India and Vikram Bakshi may be in jeopardy, with an appellate tribunal saying it would review – and may even reverse – their agreement. The tribunal said the two...
McLeod Russel moves NCLT to resume tea estate sale to help it repay dues
The Williamson Magor Group (WMG)’s stressed tea entity, McLeod Russel, has appealed to the National Company Law Tribunal (NCLT) to relax the stay order on sale of its gardens. Earlier, after Techno Electric &...
Coca-Cola HBC buys Italian premium mineral water maker Lurisia
Coca-Cola HBC, which bottles Coca-Cola products in Europe, has agreed to buy Italian mineral water maker and sparkling beverage company Lurisia in a deal worth 88 million euros ($97 million), it said on Wednesday. The...
Eastern Condiments promoters look to sell majority stake
Eastern Condiments, among the leaders in the Indian spices industry, is up for sale as the promoters, the Meeran family, are planning to sell a controlling stake in the company, said people aware of the development. The...
Blackstone signs definitive deal to buy Coffee Day’s tech park for Rs 2700 crore
The Blackstone Group has signed a definitive agreement to buy Global Village Tech Park, owned by a subsidiary of Coffee Day Enterprises Ltd (CDEL), for about Rs 2,770 crore. Blackstone, along with South-based developer...
