Food Mergers and Acquisitions

Casino Raises Its Stake in CBD from 32.9% to 35.3% Saint Etienne, 25 July 2008 - Casino acquired yesterday 5.6 million voting shares representing 2.4% of CBD's share capital at a price of BR$ 22.9 per share.

25/07/2008

Tiger Brands to Buy Chococam from Barry Callebaut Johannesburg, July 24, 2008 – Tiger Brands Limited, South Africa's leading branded food and healthcare company, announced today its intention to acquire 74.7% of the shares of consumer chocolate manufacturer Chococam in Cameroon from Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products.

24/07/2008

USA: Hawaii's Daiichiya-Love's Bakery Sold to Local Investor Group After 27 Years of Japanese Ownership 24 July 2008 - Daiichiya-Love's Bakery, a leading supplier of freshly-baked bread in Hawaii, has been sold to a group of Hawaii managers by its Japanese owner, First Baking Co. Ltd. of Japan., report local media.

24/07/2008

Australia Clears NatFoods Bid for Dairy Farmers Melbourne, July 24 - Australia's competition watchdog cleared a joint bid for Dairy Farmers by National Foods, owned by Japan's Kirin Holdings , and Warrnambool Cheese and Butter Factory , accepting their moves to ease competition concerns.

24/07/2008

US: Grocers Supply to Acquire 37 Stores, Carnival Brand from Minyard Food Stores Coppell, Texas, 23 July, 2008 - Minyard Food Stores, Inc. today announced the agreement to sell its Carnival Super Market brand and 37 of its stores to a group led by The Grocers Supply Co., Inc. The group includes Houston-based retailer Fiesta Mart, Inc., and many of Grocers Supply's local area retail grocer customers.

24/07/2008

Pernod Ricard Completes Acquisition of V&S

24/07/2008

Russia X5 to Fight Karusel Takeover Conditions Moscow, July 23 - Russian retail group X5 said on Wednesday it will ask Moscow's Arbitration Court to overturn conditions imposed by the Federal Anti-monopoly Service when it acquired a rival chain.

24/07/2008

San Miguel May Sell Part of Major Units in Restructure Manila, July 24 - Philippine food and drinks giant San Miguel said on Thursday it may sell part of its major businesses in a corporate restructuring but would retain a 51 percent share in all of the units.

24/07/2008

Australia Watchdog Flags Concerns on Parmalat Bid for Dairy Farmers Melbourne, July 24 - Australia's competition watchdog raised concerns about Italian food group Parmalat's bid for dairy producer Dairy Farmers on Thursday, but cleared a rival bid led by Japanese-owned National Foods.

24/07/2008

Spain's Ebro Denies 400 Mln Euro Bid for Sugar Unit Madrid, July 22 - Spain's biggest-listed food producer Ebro Puleva said on Tuesday it had not received a 400 million euro ($637 million) offer for its sugar business from a government-controlled savings bank, as local media reported.

23/07/2008

Carlsberg Sells its 95.6% Stake in Türk Tuborg 23 July 2008 - Carlsberg hereby announces that it has sold its 95.6% stake in Türk Tuborg Bira ve Malt Sanayi A.S. (“Türk Tuborg”) to CBC Group. Through Israel Beer Breweries CBC Group is the partner of Carlsberg in Israel and Romania.

23/07/2008

Carlsberg Sells its 20% Stake in Israel Beer Breweries 23 July 2008 - Carlsberg hereby announces that it has sold its 20% stake in Israel Beer Breweries which was founded in 1992 by Carlsberg and its Israeli partner with CBC Group as the majority owner.

23/07/2008

Lion Capital to Acquire FoodVest, the Owner of Young's and Findus 22 July 2008 - Lion Capital LLP is pleased to announce that an agreement has been reached whereby Lion Capital will acquire The FoodVest Group from funds advised by CapVest Limited.

22/07/2008

SunTrust Banks Sells Big Coke Stake, Profit Falls 21 pct New York, Jul. 22 - SunTrust Banks Inc said on Tuesday it plans to bolster capital by unloading a big Coca-Cola Co stake it has held for nearly 90 years, as higher real estate losses led to a 21 percent drop in quarterly profit.

22/07/2008

Danisco Dismisses Takeover Talk as its Shares Soar 22 July, 2008 - Danisco shares climbed almost 11% yesterday despite the company denying reports of an imminent takeover bid from private equity firm Apax Partners Worldwide LLP.

22/07/2008

USA: Fortress Makes Offer for Some Buffets Restaurants New York, Jul. 21 - A Fortress Investment Group Inc affiliate Monday offered to take over more than 100 restaurants from bankrupt restaurant operator Buffets Holdings Inc, according to a court filing.

22/07/2008

Saudi Savola to Invest $1.7 Bln on Expansion by 2010 Riyadh, July 19 - Saudi Arabia's Savola Group said on Saturday it would invest 6.5 billion riyals ($1.7 billion) by 2010 to expand after it said it would buy 80 percent of Pakistan's third largest edible oil maker.

21/07/2008

Unilever Disposes Bertolli Olive Oil to Grupo SOS 21 July, 2008 - Unilever today announced that it has signed a definitive agreement for the disposal of its Bertolli olive oil and vinegar business with Grupo SOS for a consideration of Euro 630m.

21/07/2008

Russian Federal Antimonopoly Service Gives Green Light for PepsiCo to Buy up to 100% in Lebedyansky On 18th July 2008, the Federal Antimonopoly Service (FAS Russia) granted the petition of «Pepsi-Cola (Bermuda) Limited» on buying 100% voting shares of «Lebedyansky» Experimental Caning Factory» OJSC.

21/07/2008

China: Synutra Unit Buys Baby Food Producer Beijing Huilian Assets for USD 6.6 Mln

21/07/2008