COFCO has reached an agreement to acquire the remaining minority stake in Nidera Capital to gain full ownership of the company. The minority stake has been bought by COFCO International from Cygne to gain 100% ownership in Nidera. The ...
China’s Aoxin Tianli Group, a producer of breeder hogs, market hogs and black hogs, has signed an agreement with Shangzhi Xiaop (Dalian) E-Commerce to sell its products online. As per the agreement, Aoxin Tianli will sell its ...
Ube Machinery has signed an agreement to acquire 85% equity stake in Mitsubishi Heavy Industries Plastic Technology. The acquisition will allow Ube Machinery to secure Mitsubishi’s worldwide business in injection molding machines. ...
Tags: Ube Machinery, Mitsubishi
French dairy giant The Bel Group has agreed to engage in exclusive negotiations to acquire a majority stake in fruit snacks and dessert maker MOM Group. Owned by a private equity LBO France, the MOM Group has significant presence in the ...
Spanish Ebro Foods has acquired a controlling stake in flour producer and retailer Santa Rita Harinas for €4.8m ($5.34m). In a statement to Spain’s National Securities Market Commission (CNMV), Ebro said that it has bought 52% ...
Tags: Ebro Foods, Santa Rita
Kering chairman and chief executive Franis-Henri Pinault told the Financial Times that Puma was not for sale for the time being. He further said the company, which also owns a number of luxury brands including Gucci, Bottega Veneta and ...
Tags: YakKering, Puma, sports brands
A Dubai-based investment group led by businessman Mohamed Alabbar has agreed to acquire a majority stake in the Kuwait Food Company, which is known as Americana, for nearly $2.4bn. The consortium Adeptio headed by Emaar Properties PJSC ...
Archer Daniels Midland Company (ADM) has acquired the remaining 60% stake in Brazilian natural extracts manufacturer Amazon Flavors. The financial details of the transaction have not been disclosed. ADM's WILD Flavors and Specialty ...
Tags: Amazon Flavors, natural extracts
Australian dairy processor Burra Foods has signed an agreement with dairy farming company Inner Mongolia Fuyuan Farming, allowing the company to gain a majority shareholding in it. The move is part of Burra's growth plans to improve ...
Tags: Burra Foods, dairy processor
Indian food company MTR Foods is planning to invest Rs 2bn ($30m) in the next four to five years to increase its production capacity from 45,000 mt to 72,000 mt at its facility in Bengaluru, the capital city of the country’s southern ...
Tags: MTR Foods, Orkla Foods
Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
Austrian packaging firm Alpla Group has agreed to acquire a majority stake in Egypt-based Taba Group to expand operations in Africa and the Middle East. Both firms have signed a partnership agreement to form a joint venture, which will ...
Tags: Alpla, Taba Group, Aquisition
Arbor Investments has acquired majority equity stake in California-based DPI Specialty Foods from Ireland-based Ornua Co-operative Limited. DPI sells gourmet, organic, ethnic foods to national, regional, independent retailers, ...
Tags: Arbor, DPI Specialty Foods, dairy products
Indonesia is expected to have as many as 55-60 of uncommitted LNG cargoes next year from the Tangguh and Bontang LNG plants, the head of upstream regulator SKK Migas' communications department, Elan Biantoro, said Monday. The available ...
Tags: LNG cargoes, Badak LNG
East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...
Tags: ultra-light oil field, condensate, crude