In the overcrowded spirits industry, the future success of leading
players rests on their ability to free up finances for
acquisitions, says new report.
Disgraced Italian food giant Parmalat is suing Deutsche Bank for
€17 million, which it claims it was ordered to repay two weeks
before it plunged into bankruptcy.
The European Investment Bank, the European Union's financing
institution, is making available a total of €70 million for Small
and Medium Sized Enterprises in Serbia and Montenegro.
Gostomel Glass Factory, Ukraine's largest glass-bottle producer, is
borrowing €13.3 million from the EBRD to build a new facility that
will enable it to produce 600,000 beer bottles a day.
Ambitious ingredients company CP Kelco will up funding in the Far
East in a bid to reinforce its growing carrageenan business. "We
are taking steps to organise our supply chain to add flexibility to
our operations," said...
Danone, the French foods group, said on Wednesday that it had
agreed to sell its Italian cheese and ham unit, Galbani, to BC
Partners, a private equity fund, for E1.02bn.
UK brewer and pub retailer Scottish Newcastle (S&N) has
received downgrades from international rating agency Fitch Ratings,
to both its Senior Unsecured debt and Short-term ratings, reports
Reuters. Senior Unsecured debt has moved...
Disappointing Christmas results have hurt UK frozen food company
Iceland's share price and recovery needs investment, market analyst
Datamonitor reports.
Brazilian beverage leader AmBev, the world's fourth-largest brewer,
said on Monday it would issue $500 million (568 million euros) in
bonds to pay off short-term debt and make other investments.
US food gum maker CP Kelco is to give the European high yield
market a new issue. Investors and analysts reacted positively to
the news that CP Kelco...
In a bid to prevent US domination in the consumer goods internet
marketplace four of Europe's largest companies are raising a E70m
($60m), the Financial...