Spain’s Grupo Fuertes has increased its stake in Cherkizovo to 8% after the Russian company’s biggest shareholder, MB Capital Europe, put 1.8 million shares up for sale.
Glanbia Co-operative Society (Glanbia Co-op) has completed the placement of 8.7m ordinary shares in Glanbia plc to raise approximately €155m ($174m) for Glanbia Co-op.
Shareholders at French poultry giant Duc have voted, in an extraordinary general assembly, to increase their share capital and complete the company’s takeover by Plukon Food Group.
Brazilian meatpacker JBS SA has appointed a number of high-level independent board members to its subsidiary JBS Foods International, with former House of Representatives speaker John Boehner among them.
City analysts remain doubtful about media reports speculating Premier Foods is considering selling its Hovis brand to the world’s biggest baker Grupo Bimbo.
New Britain Palm Oil’s independent directors have urged shareholders to reject an unsolicited takeover bid from Kulim, which already owns a 50% stake in the company.
Netherlands-based animal feed company Nutreco has reported a continued “strong momentum” in all segments, as well as record earnings before interest, taxes and amortisation (EBITA).
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
DuPont has increased its bid for Danish ingredients firm Danisco by 5.3 per cent to DKK700 per share, and has set a final deadline of May 13 for 80 per cent of shares to be tendered.
Danisco’s executive board and members of its board of directors have accepted DuPont’s offer of DKK 665 per share, corresponding to 28,056 shares with a total value of DKK 18.7m, Danisco said on Wednesday.
Royal DSM says it stands to make €129m if it accepts DuPont’s bid and sells its 4.95 per cent stake in Danish supplier Danisco, but has not stated it would accept the offer.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
Kraft is the overall winner in the battle for UK confectioner Cadbury, and it looks like the US food group has netted a bargain in the final price, claim US analysts Bernstein Research.
More than 20 members of Nisa-Today's buying group have joined
forces to fight the proposed merger with Costcutter, fearing the
deal will jeopardise the co-op's decision-making powers.
New Zealand dairy co-operative Fonterra has upped its share price
offer for Australia's leading dairy company National Foods,
trumping a rival bid from San Miguel Corporation (SMC) and gaining
the unanimous backing of National...
Israeli flavour firm Frutarom, with clear ambitions to become one
of the top ten flavour players, is seeking a listing on the London
Stock Exchange to raise funds for imminent acquisitions.
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit, reports
Lindsey Partos.
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit. The move will
make the company's still growing...
In reaction to the continued buy up of shares in Sun Interbrew
by a Russian investment company, parent company Interbrew has responded by announcing measures to
control the sale of voting shares. The move has been made in an
effort...
The Alfa Group says that its holding company Alfa-Eco has increased
its stake in the Sun Interbrew company by increasing the number of
shares it holds in the company to 15 per cent - a move that could
set the Moscow-based investment...
The Alpha Group, a private Russian financial company, has confirmed
that it is has bought a 10.4 per cent of the voting shares in
Russia's number two brewer, Sun Interbrew
for an undisclosed sum. The move gives the investor its...
Two of the UK's troubled supermarket groups head up this week's
round up of news from the European retail arena. Neither Marks
& Spencer nor J Sainsbury have had much to be happy about in
recent months, and, frankly,...
Leading Russian dairy and juice processor Wimm-Bill-Dann has
confirmed that Emerging Markets Growth Fund has raised its stake in
the company to 5.6 per cent.
The Romanian chocolate sector looks set to become increasingly
competitive as the third largest player, Kandia, prepares to
finalise a merger with Excelent - a move that will create the
leading producer on the market.
US-based SureBeam, a leading provider of electron beam food safety
systems and services for the food industry, will be out of business
by the end of the week. The company announced today that it has
been unable to reach a restructuring...
On the back of robust results US agri-giant ADM posted its 288th
consecutive quarterly payment this week, declaring a cash dividend
of six cents a share.
Lower sales volumes and higher selling expenses resulted in a drop
in net sales for the first quarter ended 31 March 2003 for US
company Technology Flavors & Fragrances (TFF).
US food and household goods company Sara Lee on Tuesday raised its
first-quarter earnings outlook, citing lower costs, improved sales
of higher-margin items and more favourable currency rates.
Auchan and its Italian partner, the Agnelli group, have launched a
offer for all the outstanding shares in the La Rinascente group, a
€735m bid which result in the Italian company being delisted.
UK food, ingredients and retail group Associated British Foods
(ABF) announced on Friday that the minority shareholders of its
Australian subsidiary, George Weston Foods Limited, have voted in
favour of a proposal for a selective...
Even as Pennsylvania lawmakers move forward in attempts to halt the
sale of the chocolate maker, Hershey Foods said on Thursday that it
had received an unsolicited mini-tender offer to buy less than 2
per cent of the company.
Wimm-Bill-Dann, the Russian food and drink producer, has denied
reports in the international press that it is being eyed by Nestle,
the giant Swiss food and drink group.
