ETHIOPIA – The protracted privatization process of Awash Winery came to a conclusion after the Ministry of Public Enterprises (MPE) fully transferred shares to – Blue Nile Investment.
CHINA – China Mengniu Dairy has agreed to acquire China Modern Dairy (CMD) for HK$6.4bn ($826m) to consolidate its position in the high-end dairy products sector.
ITALY — France’s Lactalis, the world’s largest dairy firm, said on Tuesday it was launching a buyout offer for shares in Italian group Parmalat it does not already own, with the aim to delist the company from the Milan stock exchange.
ETHIOPIA – The government has transferred 33pc of its remaining shares in Ambo Mineral Water to Ambo International Holding Ltd for 19.7 million dollars.
SOUTH AFRICA – Soft drinks giant Coca-Cola announced on Wednesday it has agreed to buy SABMiller’s 54.5% stake in Coca-Cola Beverages Africa (CCBA) from AB InBev for $3.15bn.
KENYA – DOB Equity has taken up a stake in the dairy at a publicly undisclosed value as part of a commitment to increase social impact investment deals in Kenya.
ZIMBABWE – A wholly local entity, Spar Zimbabwe, has taken custody of the South African retailer’s brand in the country following the closure of the Spar Group’s distribution centre.
KENYA – Business tycoon Peter Kuguru has put up his 20-year-old Softa beverages company for sale, marking the end of an era in which a Kenyan firm took global giant Coca-Cola head-on.
TANZANIA – Quality Group Limited has expressed interest to buy a majority stake in Nakumatt Tanzania after the Kenyan retailer announced to sell its 51 per cent of stake in the country.
ZIMBABWE – Global beverage giant, Coca-Cola Company, says it is in talks with a potential new partner and expressed its long-term commitment to the Zimbabwean market.
KENYA – Businessman John Harun Mwau has sold his 7.7 per cent minority stake in Nakumatt Supermarkets ahead of the retail chain’s plan to take on board a new shareholder with deep pockets to pull it out of a bourgeoning debt crisis.
SOUTH AFRICA – Japanese food and ingredients maker Ajinomoto has agreed to buy 33 percent of Africa’s Promasidor for $532 million, the latest step on its march toward becoming a top-10 global food company.
KENYA – Retail giant Nakumatt is set to sell a 51 per cent stake in its Tanzanian unit for an undisclosed amount as it follows through a recently announced plan to retire its debt load.