More woes for Ahold over Chilean subsidiary
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.
Shares move for Associated British Foods subsidiary
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...
How much for Hershey?
Shares of Nestlé, the world's biggest food company, rebounded
sharply yesterday as the company indicated it was not prepared to
pay more than $12bn (€12.2bn) for Hershey, the market leader in US
chocolate confectionery, the Financial...
Burns Philp sells US vinegar
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).
Gelatin sale continues for Goodman
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
ABF to privatise George Western?
Shares in Australian food company George Weston Foods jumped 12.3
per cent on Thursday as investors bet that Associated British Foods
will soon privatise its Australian subsidiary, reports Dow Jones.
New IR website from Aarhus Olie
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 remains undervalued but undeterred
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...
Russian juice group denies Nestlé interest
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.
Kraft bid for British snackmaker unlikely
Rumours of Kraft Foods' buy-out of United Biscuits are downplayed
by sources close to the company.
Kamps accepts Italian bid, finally
Kamps shareholders support the sale of the company to Italian pasta
Chinese dairy giant issues shares
China's largest dairy product maker, Shanghai Bright Dairy &
Food, a unit of Shanghai Industrial Holdings, plans to issue more
than 100 million Chinese domestic A shares, a source close to the
company said, reports Reuters
Chinese meat producer claims products are disease-free
Chinese meat producer People's Food Holdings Ltd said yesterday it
was not involved in the sale of pork from diseased pigs in
Russian dairy company set to milk offering
Russia's leading dairy products and fruit juices company is set to
launch an initial public offering on the New York Stock Exchange in
the next few weeks.
Bangladesh's Fine Food Ltd launches IPO
Bangladeshi agro-based company Fine Foods Limited (FFL) has
launched an initial public offering (IPO) to raise 32 million taka
($561,403), company officials said on Wednesday
Danone extends Frucor bid, once more
French food group Danone on Thursday made a final extension to its
bid for New Zealand drinks maker Frucor Beverages Group Ltd but
left the bid price unchanged at NZ$2.35 a share.
Frucor stands firm against Danone bid
Frucor's independent directors are standing firm in their rejection
of the takeover offer from French giant Groupe Danone, reports the
New Zealand Herald this week.
Directors recommend Frucor reject Danone takeover offer
The directors of New Zealand drinks maker Frucor Beverages said on
Thursday they were maintaining their recommendation to shareholders
not to accept a takeover offer from French food group Danone.
Vietnamese confectionery hits the stock market
Vietnamese confectionery firm Bien Hoa Biscuit and Candy Co, or
Bibica, said on Tuesday it had received a licence to list on
Vietnam's fledgling stock exchange.
Groupe Danone disappointed over Frucor
French drink and food company Groupe Danone has shown
disappointment that the independent directors of takeover target
Frucor Beverages have rejected its bid.
Danone steps closer to drinks purchase
Frucor's independent directors search for a rival takeover offer
but Groupe Danone tightens its grip on the drinks maker,
Danone bids for Asia Pacific energy drinks
French food company Groupe DANONE announced on Wednesday that it
intends to make a public offer to acquire 100 per cent of the
capital of Frucor Beverages Group Limited, a market leader in the
fast growing energy drink segment in...
Rumours continue over DSM and BASF bid for Rhodia
Rumours this week that French ingredients company Rhodia has
received informal bids from its European rivals DSM and BASF
remained confused on Tuesday.
Major Australian food company merger on track
Australian food group SPC Ltd said its AUS$81 million (45.6million
euros) friendly merger with central Victorian neighbour Ardmona
Foods Ltd is progressing well .
Montedison and Cargill talk Cerestar
Italian conglomerate Montedison is in exclusive talks with Cargill
to evaluate the sale of its shares in Cerestar, the starch and
starch derivatives company.
Stock repurchase for Hain Celestial
The Hain Celestial Group announced that its Board of Directors has
authorised a stock repurchase program.
Profit slumps for Australian food producer
Green's Foods Ltd company posted an 80 per cent slump in full year
net profit this week.
Brussels Chocolates acquired by Green Fusion
Green Fusion Corporation acquires the totality of the issued and
outstanding shares of the Canadian chocolate manufacturer House of
Brussels Holdings Ltd., which owns and operates Brussels Chocolates
Lion sells Montana's shares
Lion Nathan has failed in its last-ditch legal challenge to try to
stall a New Zealand Stock Exchange ruling requiring it to sell 19
per cent of its holding in Montana Group by August 17.
Wessanen sells Campari shares
Wessanen NV reduced its stake in Italian drinks company Campari to
1.8 per cent from five per cent, selling the shares at 31 euros
Bunge's shares fall
The American agribusiness group Bunge Limited became a public
company on August 2 with the start of trade on its newly issued
Energy costs hit ADM earnings
Archer Daniels Midland Co. said on Monday that fiscal
fourth-quarter net earnings fell 6 per cent as the company took a
hit on higher energy costs and losses from some securities
Dairy Brands considering share buyback
Corporate farmer Dairy Brands New Zealand Ltd announced today that
it is considering a share buyback, as it nears the completion of a
programme to sell its farms.
Lion Nathan move on Montana halted
The Australian brewer Lion Nathan has suffered further blows in its
hopes to beat the British liquor group Allied Domecq and to regain
a controlling stake in New Zealand's winemaker Montana.
McDonalds in Japan goes for high price IPO
The Japanese unit of US fast-food giant McDonald's Corp set its
initial public offering (IPO) price on Monday at the top end of
NZ stock exchange blocks Allied Domecq moves
The New Zealand Stock Exchange takeover panel barred on Monday the
UK drinks group Allied Domecq from buying more shares in wine-maker
Montana for a further 21 days.
Sara Lee buys bakery giant
Food and consumer goods maker Sara Lee Corp. said on Monday it will
buy No. 2 U.S. bakery Earthgrains Co. for about $1.7 billion in
cash, gaining distribution...
Eridania Beghin-Say demerger approved
The General Assembly of the Eridania Béghin-Say Group, held on June
25, 2001, under the chairmanship of Stefano Meloni, voted almost
Postponement of IPO for Zentaris
Zentaris, the biotechnology branch of Degussa, the German chemicals
group, has postponed its initial public offering until further
notice, adding further...
Slump in profit for tea giant
Shares of Tata Tea Ltd, India's largest tea producer by volume,
slumped 4.9 per cent in a flat market on Wednesday, reacting to the
20 per cent fall in...
Australian ingredients firm to raise equity
Shareholders in Australian food ingredients group Burns, Philp
& Co Ltd backed a controversial A$240 million equity raising at
an extraordinary general...
Golden Vale snubs Kerry offer
Irish food group and takeover target Golden Vale said on Wednesday
that cost pressures would result in lower margins in the first half
but that the outlook...
Eridania Béghin-Say finalises split
After the merger of Béghin-Say with the sugar and agro-industrial
activities of Eridania in 1992, the Eridania Béghin-Say group, a
leader in the agro-industrial...
Lion Nathan to purchase more of Montana
Lion Nathan, the Australasian brewer faced little opposition from
the UK's Allied Domecq on May 17th, when it purchased a further 9.5
per cent in...
Kraft expects $8bn in IPO
Kraft Foods, the US food and beverage giant, said on Wednesday that
it would raise $8bn in its upcoming initial public offering at a
price between $26...
Flavours company reports dramatic drop in income
New-York based International Flavors & Fragrances Inc., a
leading producer of flavours and fragrances, reported this week a
54 per cent drop in first-quarter...
Pernod makes bid for Agros
French drinks group Pernod Ricard announced on Tuesday that is to launch a
public tender for...
Venezuelan brewer bids for Mavesa
Venezuela's Grupo Polar, the brewing company privately held by the
Mendoza family, on Monday offered to buy Mavesa, a local food and
Unilever growth near forecasts
Anglo-Dutch consumer products group, Unilever, announced on
Wednesday that it expected a healthy earnings growth this year. The
company forecast accelerating...
Danone buys into Chinese Dairy
French food giant Danone, producer of brands such as Evian and
Kronenbourg, has bought a 5 per cent stake in Shanghai Bright Dairy
& Food, a food unit...