Smithfield Foods, a subsidiary of WH Group, has divested its 37% stake in Campofrio Food Group to Mexican firm Alfa for $354m. Based in Spain, Campofrio offers processed and canned meat, derivatives from pork and beef by-products, and ...
Soitec of Bernin, near Grenoble, France, which makes engineered substrates including silicon-on-insulator (SOI) wafers, has announced a definitive agreement to sell its solar system business - including all technology assets and ...
Tags: Soitec, Core Semiconductor
Tradin Organic Agriculture, a subsidiary of SunOpta, has increased its stake in organic sesame supplier Selet Hulling to 76%. Tradin, which operates as part of SunOpta's global ingredients division, previously held a 35% stake in Selet ...
Tags: Tradin Organic, organic sesame
Intrawest Resorts Holdings, Inc. reported total skier visits increased 26.8 percent in the fiscal third quarter ended March 31 compared to the prior year period, or 2.6 percent on a same-store basis. Lift revenue increased 21.1 percent ...
Tags: Intrawest, Sports Wear
Hampshire Group said it has signed an agreement to sell the stock of Rio Garment S.A. to a group led by the current Rio management, which includes David Gren, the president of Rio. Hampshire signed a deal to sell its stake for $6 ...
Tags: Hampshire Group, Rio Garment, Garment
The French government will increase its stake in vehicle manufacturer Renault to 19.7% from the existing 15% with an investment of around €1.23bn. French industry ministry said that the government has purchased 9.6 million Renault ...
Tags: French government, Renault
Strauss Group, an Israel-based food and drinks manufacturer, is exploring an initial public offering of its coffee unit on the US stock exchange. Strauss and TPG Capital Management, its partner in Strauss Coffee, have submitted a draft ...
Tags: Strauss Group, Highlander, Food
Japanese trading company Itochu has decided to sell its stake in China Foods Investment (CFI) in an effort to make a $10.4bn investment in Chinese state-owned firm Citic. The company will now sell its 74.1% shares in Chinese food unit ...
Tags: Foods Investment, CFI
Kishore Biyani led Future Lifestyle Fashions Limited said it has hiked its stake in ethnic products firm Industree Crafts Pvt Ltd from 63.34 per cent to 72.16 per cent. Future Lifestyle Fashions Limited (FLF), the apparel and accessories ...
Tags: ethnic products, Apparel
Italian coffee maker Luigi Lavazza has sole rights to consider the acquisition of Carte Noire coffee business from Mondelez International, as part of its contractual agreement with the latter. Lavazza was quoted by Reuters as saying: ...
Tags: Lavazza, Carte Noire Coffee
Keurig Green Mountain is planning to buy back more than 50% of Italian coffee maker Luigi Lavazza for around $624m. This comes as Lavazza is currently raising funds for the acquisition of D.E. Master Blenders' L'Or and Mondelez ...
Tags: Keurig Green, coffee
Automotive parts manufacturing company, Delphi Automotive has agreed to sell its wholly-owned thermal business to MAHLE for approximately $727m, as as part of its restructuring plan. The company said that the proceeds from the sale will ...
Tags: Delphi Automotive
General Motors along with its Chinese venture SAIC Motor is planning to establish its manufacturing operations in Indonesia in an attempt to take advantage of vehicle demand in the country. SAIC Motor is a joint venture between GM China, ...
Tags: General Motors, SAIC Motor
Two Thai brewers are contemplating purchase of a stake in Saigon Beer Alcohol Beverage, which is 89% owned by the Government of Vietnam. Chang beer maker Thai Beverage is planning to buy 40% of Saigon Beer for around $1bn. Singha, which ...
Tags: beer market, Alcohol Beverage
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