Saudi food giant Almarai may buy a US$1.5bn stake in the UAE’s National Food Products Company (NFPC), as the Saudi firm ups its dividend payment and plans to boost its equity.
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
Elliott International has increased its Danisco shareholding to 10.01 per cent and has not yet given any indication of tender plans, despite the Friday deadline for 80 per cent of shares to be tendered in order for the deal to go through.
Consolidation in the European fats business likely as Aarhus United
shareholders yesterday clear the way for the merger with number one
Scandinavian fats and oils firms Karlshamns, reports Lindsey
Partos.
When Stuart Rose, the new chief executive of Marks & Spencer,
unveiled his plan for turning the company round this week, the
question on most people's lips was whether it would be enough to
stave off a possible bid from his...
The world's top cocoa processor, Swiss-based Barry Callebaut, said
on Tuesday that it had suspended efforts to take full control of
chocolate maker Stollwerck after minority shareholders in the
German firm filed a lawsuit against...
Lengthy negotiations with minority shareholders have finally been
completed, leaving the path clear for the merger of Spanish food
groups Sos Cuetara and Koipe to form the country's third-largest
food group.
Ahold has clarified the terms under which it would be obliged to
buy out its joint venture partners in Scandinavia and Central
America following a similar move in Argentina which took its toll
on the group's latest results.
Danone SA, the French food company, is to pay 123 million euros
($108.6 million) to buy out minority shareholders in
Brussels-listed Mecaniver SA, the...
