Wild is putting together an experienced team in preparation for its
planned initial public offering, tapping Symrise's CFO to take it
through the process.
Burns Philp's plan to raise A$2.1 billion (€1.3 billion) from a
share offering in its Goodman Fielder business underlines the
group's ambitions to dominate the Australasian ingredients market.
Continual productivity improvements are behind Novozymes' solid
performance since it was floated on the stock market in 2000,
according to CEO Steen Riisgaard.
Freshly created AarhusKarlshamn, a merger between former vegetable
fats competitors Aarhus and Karlshmans, completes the building
blocks of its new structure.
The trial of Calisto Tanzi, founder of scandal-hit Italian dairy
giant Parmalat, commences today amid charges of false accounting
and share price manipulation.
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.
Consolidation in food ingredients continues with Nordic fats and
oil firms Aarhus United and Karlshamns set to merge, creating one
of the world's leading suppliers of cocoa butter alternatives,
reports Lindsey Partos.
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...
Italian spirit maker Campari has today confirmed that it is
increasing its stake in US unit Skyy Spirits, while earlier in the
week it was the turn of brewer SABMiller to increase its stake in
Italy's Peroni group, writes Chris...
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.
Cargill is to increase its stake in the Romanian edible oils market
with the acquisition of the local company Olpo Podari. And with
another possible acquisition on the cards, the giant US
agribusiness group clearly sees significant...
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...
Danish brewing group Carlsberg has confirmed that the EU Commission
of Securities and Exchanges has approved its application to delist
its 93.73 per cent stake in Polish subsidiary Carlsberg Okocim from
the Warsaw Stock Exchange.
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,...
Philip Green, the billionaire retail entrepreneur, has renewed his
bid to take over ailing clothing-to-food group Marks & Spencer
amid an increasingly bitter battle of words with opponents of the
bid.
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
Efes Breweries International (EBI) has confirmed that it will float
on the London Stock Exchange, following a 57 per cent growth rate
over the last two years.
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...
Leading Irish food ingredients company Kerry brushed off currency
fluctuations and testing market conditions to post a stable set of
figures for the first six months of the year. The following paper
from Irish stockbroker Goodbody...
Two years after the company went public, $20 billion US oilseed
giant Bunge declares a regular quarterly cash dividend of $0.11 per
share following swiftly on from strong second quarter earnings
announced in July this year.
Danish food ingredients group Danisco has denied rumours
circulating in the local press that it is in talks to sell its
stake in US biotech company Genencor.
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...
Franco-German pharmaceuticals company Aventis continues the
divestment of French speciality chemicals company Rhodia with the
announcement on Tuesday that it has reduced its stake from 25.2 per
cent to 15.3 per cent by selling 17.8...
Italian energy company Edison and the French consortium bidding to
buy its majority stake in sugar maker Beghin-Say said on Wednesday
that the price was likely to be reviewed on the imminent deal.
The fact that the new owners of a 15 per cent stake in the Big Food
Group, owner of the Iceland supermarket chain, are from Iceland
themselves has nothing to do with the purchase. It is all about
investing in an undervalued company,...
According to a research study published today by Standard &
Poor's Rating Services, the credit quality of mainstream German
food retailers is coming under pressure.
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.
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.
After acquisitions in Italy and Belgium, and reorgansiation in
Greece, Europe's leading retailer has turned its attention to
Spain, where it is proposing to buy out minority shareholders in
its CCC subsidiary.
Talks are rumoured to have taken place between the management of
the UK's Big Food Group and potential investors, but ongoing
concerns about its Iceland supermarket unit may yet scupper any
chance of a buyout.
Ahold's enforced takeover of the Santa Isabel chain in Chile has
not been welcomed by everyone, with one of the company's minority
shareholders taking legal action to force the Ducth group to
increase its offer.
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...
Australian food ingredients producer Burns Philp & Co said on
Monday that it would sell its North American industrial vinegar
division to US private equity investor Swander Pace Capital for
A$88 million (€48.5 million).
Australian food giant Goodman Fielder said this week that it is on
track to divest its milling and gelatin assets and is proceeding as
planned with a second tranche share buyback following other asset
sales
Danish vegetable oils and fats specialist Aarhus Olie has launched
a new investor relations (IR) website which is designed to help
keep its shareholders up-to-date with developments at the company.
Robertet, the French flavours and fragrances group, has seen a
sharp rise in its share price this year helped by renewed interest
in the sector due to a number of high profile transactions. The
company's chairman Philippe Maubert...
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.
