Thai Union makes strategic investment in Icelandic seafood company Aegir

THAILAND – Bangkok-based seafood company, Thai Union Group has made a strategic investment in Aegir Seafood Company, one of the leading producers of cod liver in Iceland. The company said that the investment in Aegir […]

Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning to invest US$100 million to […]

United Breweries forays into craft beer segment with Kingfisher Ultra Witbier

INDIA – Bangalore-based United Breweries Limited has ventured into the alternate beer category with the launch of the Kingfisher Ultra Witbier – the first non-lager beer from the house of Kingfisher. Brewed with the authentic […]

Agribusiness trade modernization initiative advances with new project name, Covantis

USA – The founding members of the industry-wide initiative to modernize global trade operations; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture have announced its new project name, Covantis. The initiative has […]

AB InBev to use electric Volvo Trucks to deliver beers with zero emissions

EUROPE – AB InBev, the world’s leading brewer and Volvo Trucks, have announced the order of a brand new in series produced Volvo Electric Truck, which will deliver its beers across Europe from April 2020 […]

Coca-Cola realigns its bottling operations in North India to improve efficiencies

INDIA – The Coca-Cola Company has announced an internal realignment of its bottling operations in North India, as the beverage giant moves to build a stronger and more sustainable local business. Under the new operation model, […]

GPI plans to offload majority stake in Burger King in move to become an investment company

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

Choppies exits South Africa with sale of stores to King Investments

SOUTH AFRICA – Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to settle its outstanding debt. In […]

British online grocer Ocado launches US$642m bond issue to fund robotic warehouse deals

UK – Ocado, a dedicated online grocery retailer has launched a £500 million (US$642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners. While Ocado’s retail business has […]