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.
Saputo-owned Warrnambool Cheese and Butter (WCB) has agreed to acquire the "everyday cheese" business of Australian rival Lion Dairy and Drinks (LDD) for AU$137.5m (US$107m, €95m).
