Bumble Bee Foods agrees to sell its assets for US$925m after filing for bankruptcy

USA – Bumble Bee Foods, one of North America’s largest seafood producer, has filed for Chapter 11 bankruptcy protection and entered into an asset purchase agreement with Taiwan-based FCF Fishery to acquire the company’s assets […]

Kenya’s Mumias Sugar placed under receivership over US$60m financial woes

KENYA – Cash strapped Mumias Sugar Limited company has been placed under receivership by KCB Group following the execution of a lender’s agreement deed dating back to September of 2010 to protect its assets and […]