Anheuser-Busch InBev, the world’s largest brewer, is selling its Australian operations to Japan’s Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. The Belgium...
NCLAT urges Hudco to drop opposition to McDonald’s-Vikram Bakshi deal
The settlement of a six-year long dispute between McDonald’s India and Vikram Bakshi may soon be reached after an appellate tribunal advised state-owned infrastructure finance firm Hudco to accept a debt settlement...
Lala, Lactalis end litigation, French group acquires Brazil dairy producer Itambe
French and Mexican dairy groups Lactalis and Grupo Lala SAB de CV (LALAB.MX) reached an agreement to end litigation in Latin America, allowing Lactalis to conclude the acquisition of Brazilian dairy producer Itambe...
AB InBev’s sale of Asia-Pacific unit can raise $9.8 bn in Hong Kong IPO
Anheuser-Busch InBev NV kicked off the year’s biggest initial public offering, a sale of shares in its Asia Pacific beer unit that could raise as much as $9.8 billion and top Uber Technologies Inc.’s May listing. The...
Performance Food to buy rival food distributor Reinhart for $2 billion
Performance Food Group Co said on Monday it would buy privately held rival Reinhart Foodservice LLC for $2 billion, as the distributor of goods to restaurants seeks scale to counter rising transportation costs that have...
Coca-Cola sits down for stake talks over coffee with CCD
Coca-Cola is in exclusive talks to pick up a significant stake in Café Coffee Day (CCD) as the soft drinks giant looks to gain a foothold in the rapidly growing space and hedge risks associated with its core carbonated...
Hatsun completes acquisition of cattle-feed plant Madhur Pashu Aahar
Chennai-based dairy firm Hatsun Agro Product Ltd (HAP) has completed the acquisition of a cattle-feed plant, Madhur Pashu Aahar, located at Solapur, Maharashtra for a total of Rs 10 crore including modernisation. The...
Beer brand Bira91 raises $4.3 mn from Sixth Sense Ventures in bridge round
Home-grown beer brand Bira91, managed by B9 Beverages, has raised $4.3 million from Sixth Sense Ventures, in what appears to be a bridge round ahead of a larger series C investment. The round values the company at $246...
Amul, Nandini’s bid to operate Delhi Milk Scheme lower than reserve price
The bids submitted by dairy cooperatives Amul and Nandini to operate state-owned Delhi Milk Scheme (DMS) on long-term lease are lower than the reserve price and the government is now exploring other options to revive...
Avendus fund acquires stake in Bikaji Foods
Avendus Future Leaders Fund-I (FLF) on Monday said it has bought a minority stake in snack maker Bikaji Foods International Ltd from two existing investors. The company did not disclose the financial details of the...
U.S. Bain Capital to acquire stake in CJ CheilJedang’s unit for $320 million
South Korean food giant CJ CheilJedang Corp said on Thursday that U.S. private equity fund Bain Capital had agreed to acquire a 27% stake its U.S. unit CJ Foods America for $320 million. Bain would become a financial...
Luxury goods group LVMH buys wine producer Chateau du Galoupet
French luxury goods group LVMH has agreed to buy wine producer Le Chateau du Galoupet for an undisclosed sum, bolstering LVMH’s portfolio of top wines and spirits, such as Veuve Clicquot champagne and Hennessy Cognac...
