Del Monte Philippines is to embark on an initial public offering (IPO) in a bid to raise Ps16.72b (about US$324.1m) – South East Asia’s largest for a food and beverage firm since 2012.
Financially-troubled livestock exporter Wellard Limited has written to shareholders seeking to raise AU$52m as the embattled Australian company faces “difficult trading conditions”.
There have been changes at Australian formula makers Bellamy’s as CEO Laura McBain has stepped down and been immediately replaced with former COO Andrew Cohen taking over in a temporary capacity.
Royal FrieslandCampina N.V. has signed a share purchase agreement with Engro Corporation in Pakistan to acquire 51% of the shares in its subsidiary Engro Foods Limited, in partnership with the World Bank Group’s International Finance Corporation (IFC)...
Nestlé’s still suffering from its Indian Maggi noodle recall and has lost touch with the Chinese consumer, hitting growth for the global food and drink manufacturer, according to market analysts.
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.
Food firms are set to be flavour of the month on regional stock exchanges, as Egypt’s Edita enjoys a bumper debut and Kuwait’s Mezzan Holding gets permission to list.
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).
Kellogg has secured a gateway to introduce its own brands in the promising MEA region by acquiring a controlling stake in Egyptian biscuit maker BiscoMisr, says an analyst.
WH Group, China’s largest pork company and a major shareholder in Henan Shuanghui Investment & Development Co, which acquired Smithfield Foods for US$7.1 billion in 2013, has successfully floated on the stock exchange of Hong Kong (HKEx).
Asia’s role in the global spirits market has surprised analysts over in recent months, with moves to curb extravagance in China, Suntory’s acquisition of Beam in January and Emperador’s winning bid to acquire White & Mackay each causing a stir.
Chinese pork producer WH Group, which last year bought US pork giant Smithfield Foods, hopes to raise more than US$5bn in what would be the world's biggest initial public offering for a year when it lists in Hong Kong later this month.
The announcement today by Australia’s Bega Cheese to sell its stock in Warrnambool leaves the way clear for Lion to follow suit, while Canadian dairy company Saputo should now be free to take over the New South Wales cheese and butter business.
Canadian dairy giant Saputo looks a step closer to gaining control of Warrnambool Cheese and Butter (WCB), after one-time takeover rival Bega Cheese agreed to sell its stake in the Australian dairy processor.
Canadian dairy giant Saputo has been ordered by the Australian Takeovers Panel not to process any acceptances received under its latest bid for Warrnambool Cheese and Butter (WCB), following a complaint by rival bidder, Murray Goulburn.
By calling it a “great transaction” for shareholders, farmers and agriculture in the United States, Smithfield Foods chief executive Larry Pope couldn’t have been more ebullient now his shareholders have rubber-stamped Shuanghui’s takeover of the American...
FrieslandCampina has acquired a 7.5% stake in New Zealand-based infant formula manufacturer Synlait Milk through an initial public offering (IPO) of shares by the company.
New Zealand-based infant formula manufacturer, Synlait Milk, has launched an initial public offering (IPO) of shares in the hope to raising around NZ$120m (US$93m) to fund a series of "growth initiatives."
After a quiet beginning to 2013, M&A activity is heating up in China’s beer market, as Carlsberg said on Monday it was considering upping its stake in Chongqing Brewery, intensifying the fight among global brewers for production assets there.
Dole Food has reached an agreement with Itochu Corporation of Japan to sell its packaged goods and Asia Fresh Produce businesses for US$1.69bn in cash.
ThaiBev said today that its concert party aims to takeover Fraser & Neave (F&N) in a S$9bn deal, as rumors abound that the former’s billionaire chair still craves control of Asia Pacific Breweries (APB).
Fraser & Neave (F&N) announced today that shareholders will vote on the firm's proposed sale of its interest in Asia Pacific Breweries (APB) to Heineken on September 28, and hailed the offer as its 'best opportunity' to realize...
Stevia supplier GLG Life Tech has slashed its revenue expectations for 2011 and has seen its share price slip to a year low, as it reported its second quarter results.
DSM has signed a joint venture agreement with a Chinese biotechnology company that will give the Dutch ingredients supplier its first enzyme manufacturing plant in China.
Danone has agreed to sell its stake in China Huiyuan Juice Group for significantly less than what Coca-Cola offered before its acquisition bid was blocked last year by Chinese competition authorities.
A Hong Kong stock Exchange disclosure has revealed that investment
company Castlerigg International has bought a strategic 10.01 per
cent stake in China's Harbin Brewery, a move that looks likely to
put more pressure on international...
