Italian dairy firm Parmalat is in negotiations to takeover Australian beverage and dairy products maker Harvey Fresh in a more than A$100m ($94m) deal. Headquartered in Western Australia, Harvey Fresh produces and markets fruit juices and ...
Tags: Harvey Fresh, dairy firm
Silver Fern Farms, a New Zealand-based meat processor and marketer, is looking at options to shut its processing plant near Dunedin, Otago due to a drop in lamb slaughter operations. The move is expected to result in about 180 job losses. ...
Tags: Otago, Meat Plant, Silver Fern Farms, job loss
Shuanghui International, a Chinese food giant, is seeking to raise up to $6bn through an initial public offering (IPO) in Hong Kong in the second quarter of 2014. The Chinese firm recently acquired US-based hog and pork processor ...
Tags: Shuanghui International
Premier Foods, a UK-based food company, has confirmed that it is in talks over a sale of stake in its bread division, which produces brands, including Hovis and Mother’s Pride. The company has approached private equity groups and ...
Tags: Premier Foods, Bread
In a move to overhaul an inefficient industrial sector, Libya is considering the sale of Misrata-based steel plant Libyan Iron and Steel Co (LISCO), along with eight other state-owned companies from various sectors, Libyan Industry Minister ...
Tags: Metallurgy, Mineral, Energy
Lala, a Mexican dairy producer, has charted out plans to expand its presence outside of Mexico, Central America and abroad, following a $1bn initial public offering (IPO) this week. The IPO transaction was headed by JPMorgan Chase, while ...
Tags: Dairy Firm, IPO transaction
Reportedly, Tang Eng, one of the major stainless steel producers in Taiwan is mulling to set up a stainless steel coil service center in Southeast Asia. It’s said that the stainless steel coil center might be located in Malaysia. ...
Swiss food giant Nestlé is considering options to divest its PowerBar energy bars brand, as it is facing stiffened competition from other brands. The sale could fetch millions of dollars to Nestlé, reported Reuters citing ...
Tags: Energy Bars, Food
Reportedly, Taiwan's stainless steel producer Yieh United Steel Corp (Yusco) mulls to buy Outokumpu's subsidiary stainless steel plant Acciai Speciali Terni (AST) in Terni, Italy, attempting to expand its global layout. AST was put up for ...
Tags: taiwan, steel, Construction
Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
Nissin Foods, a Japanese food and instant noodles manufacturer, is looking at options to acquire Capital Foods, an Indian-based processed foods and ingredients firm. Capital Foods is 40% owned by investment firm Future Ventures, while the ...
Tags: Nissin Foods, Capital Foods
Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
Philippine conglomerate San Miguel is looking at options to sell about 25% stake in its food business, San Miguel Pure Foods until 2014, in an effort to raise funds for expansion of the group’s operations. San Miguel president Ramon ...
Tags: Food Unit, San Miguel
Chinese state-owned Bright Food is looking at options to acquire Israel’s major food manufacturer and distributor Tnuva, as part of its efforts to further expand its presence overseas. Tnuva owns seven of the top ten leading food ...
Tags: Bright Food, Food
Indian Insurance Regulatory and Development Authority (IRDA) is mulling a proposal to allow insurance companies to offer five-years health insurance policies, in a bid to help customers by making renewal process easy. General and ...
Tags: Health Insurers, Service