INDIA – Premji Invest, the investment arm of Wipro billionaire Azim Premji, has infused $25 million (Rs 170 crore) into Bengaluru-based food company ID Fresh Foods that has popularised ready-to-cook products, including idly and dosa batter, chapatis and Malabar parotas.
INDIA – The Hain Celestial Group, a leading organic and natural products company with operations in North America, Europe and India has announced the establishment of a strategic joint venture between Future Consumer Limited and its subsidiary Hain Tilda India Private Limited.
INDIA – Diageo was considering raising its majority stake in Indian whisky producer United Spirits, people familiar with the matter said, as the British maker of Johnnie Walker scotch strengthens its hold on the Asian country’s growing liquor market.
SWITZERLAND – Nestle, the largest food company in the world, reportedly has its eye on expanding its empire with the acquisition of baby food maker Mead Johnson Nutrition.
CHINA – China National Chemical Corp., or ChemChina, said Friday it has sought the U.S. antitrust regulator’s approval for its planned US$43 billion acquisition of Swiss crop protection and seed group Syngenta.
ITALY – Parmalat activist investor Amber Capital believes the price of a buyout offer by France’s Lactalis undervalues the Italian dairy group and won’t be tendering its three per cent stake.
EGYPT – Nestlé SA, the leading food and beverage company, has announced that it has signed an agreement to acquire Egyptian instant coffee company, Caravan Marketing Company SAE.
USA – Archer Daniels Midland Company (ADM) has announced that it has signed an agreement to acquire Crosswind Industries, Inc., a Kansas-based producer of dry-expanded, dual-texture, semi-dry and semi-moist treat products for pets.
GERMANY – Franklin Foods Holdings (Franklin), the World’s fastest growing cream cheese company, announced today of its acquisition by Hochland SE, a privately-held Bavaria, Germany-based cheese company.
INDIA – OmniActive Health Technologies, which supplies ingredients to the healthcare and food industries, has acquired 85 per cent stake in Bengaluru-based fragrance and specialty chemicals maker Indfrag for an undisclosed amount.
QATAR – Brazilian food processor BRF SA and Qatar’s sovereign wealth fund agreed to buy the operations of Turkish poultry producer Banvit in a joint venture, BRF said in a securities filing on Monday.
GERMANY – Packaging machinery supplier Multivac is acquiring a 49.9 % share in TVI based in Irschenberg, Gemany, a market leader in meat-portioning machines and complete portioning lines.
DENMARK – Danish Crown has acquired a major cattle slaughterhouse in Germany, stating that the move “ties in beautifully” with its new 4WD strategy while also enabling its beef division to account for a “large share” of its total business.
IVORY COAST – Dekeloil Public Limited has taken full ownership of the Ayenouan palm oil project in Côte d’Ivoire.
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.