Fonterra sells stake in joint venture DFE Pharma for US$361.8m

NEW ZEALAND – Fonterra has completed the sale of its 50% stake in the joint venture company it formed with Royal FrieslandCampina, DFE Pharma to CVC Strategic Opportunities II for NZD554 million (US$361.83m). The company […]

Kirin’s Lion Little World Beverages to acquire US craft brewer New Belgium

USA – Lion Little World Beverages (LWB), the global craft beverages division of  Australasian brewer, Lion – which is part of Japanese beverage firm Kirin Holding – has secured a deal to acquire US craft […]

South Africa’s packaging group Mpact to unwind Seyfert acquisition deal

SOUTH AFRICA – The Competition Commission of South AFrica has ordered packaging and recycling group Mpact to unwind its 2011 US$1.09 million partial acquisition of Seyfert Corrugated Western Cape as it reduced competition. This comes […]