The European Bank for Reconstruction and Development (EBRD) has agreed to make $100m equity investment in Egypt-based United Sugar Company (USC), which is also a subsidiary of Savola Group, to strengthen the agribusiness sector in the ...
Tags: EBRD, Investment, USC, United Sugar Company, Savola Group
UK-based food manufacturer Premier Foods has rejected a bid offer worth a £495m from US-based food giant McCormick. The company has rejected the offer saying that the offer from McCormick significantly undervalued Premier Foods ...
Tags: Premier Foods, McCormick, Bid Offer
Finnish food company Atria is entering Swedish poultry business by acquiring Lagerberg i Norjeby (Lagerbergs). The financial terms of the deal have not been disclosed. Through this deal, the company is purchasing the entire share ...
Tags: Atria, Swedish Poultry, Aquisition
Mondi Group has agreed to acquire the Simet corrugated plant located in Grabonóg, near Poznań in Poland. The plant is designed to produce a wide range of flexo printed packaging including American cases, die-cut and multipoint ...
British Virgin Islands-based packaged food company Nomad Foods has completed the acquisition of frozen food brand Findus Sverige AB for £500m from LionGem Sweden 1 AB. The acquisition includes Findus' European businesses in ...
Tags: Nomad Foods, frozen food, Findus
Grammer has signed a contract for the acquisition of the Reum Group, a provider of surface, plastics and metal technology. Reum is specialized in developing and manufacturing high-quality, design-oriented metal and plastic combinations, ...
London-based Opera Investments plc (which was formed to acquire businesses or or assets in the natural resources sector) has reached a non-binding heads of terms agreement to acquire SoloPower Systems Holdings Inc of Portland, OR, USA for ...
Kumara Mangalam Birla led Aditya Birla Chemicals (ABCIL) and a company of the Aditya Birla Group said it has received shareholders’ approval for merging the company with Grasim Industries. “The merger between the two companies ...
Tags: ABCIL
Specialty food ingredients company Campus has partnered with White Bridge Investments to ramp up internationalization and commercial network expansion. Both the companies have signed an agreement to this effect. White Bridge, the new ...
The Board of Directors of Grasim has approved the proposed merger of the Aditya Birla Chemicals (India) Limited (ABCIL), another Aditya Brila Group company, with Grasim. Grasim’s Board of Directors approved the swap ratio of 1 ...
Tags: Aditya Birla Chemicals, Grasim
The opposition of the shareholders of Sika AG to the hostile takeover bid by Saint-Gobain continues to mount. So far, investors who together hold over 40 percent of the share capital have expressly stated their support for the course ...
Tags: pension funds, prominent institutional investors, Construction
Dematic Group, a supplier of integrated automated technology, software and services to optimise the supply chain said it has acquired FSU Investments and in turn SDI Group Europe. SDI Group Europe is a supplier of garment-on-hanger and ...
Sports MASH Holdings, which is controlled by Mike Ashley, reduced its stake in Sports Direct International Plc by 2.57 percent to 55.14 percent by selling 15.4 million ordinary shares for roughly $168 million on Jan. 20, the British ...
Tags: economic effect, Sporting Goods
The international investors Cascade Investment L.L.C., Bill & Melinda Gates Foundation Trust, Fidelity Worldwide Investment and Threadneedle Investments together holding 8.61% of Sika`s share capital (4.62% of the voting rights) have ...
Tags: long-term prospects, welfare, Construction
Diageo-owned Indian alcoholic beverages subsidiary United Spirits has secured minority shareholders' approval to produce and sell Johnnie Walker whisky, Smirnoff vodka and other brands. The Press Trust of India reported that United ...
Tags: whisky, alcoholic beverages, Agriculture