Illinois-based snack company Mondelez International Inc has entered an agreement to sell a controlling stake in its cookie and cracker business, SnackWell's, to Connecticut-based private equity firm Brynwood Partners for an undisclosed amount.
Hospitality/Food
Finland food group HKScan exits stake in Swedish meat firm
Finland-based food group HKScan has inked an agreement to divest its 49% stake in Switzerland-based meat company Nyhlens & Hugosons Chark for €2.2 million ($3 million) in cash.
Remy Cointreau shares fall after CEO Frederic Pflanz quits
Shares in French liquor company Remy Cointreau declined by more than 2% to €59.19 per share on Friday, following the resignation of its chief executive officer Frederic Pflanz. Pflanz quit his post three months after being promoted from his role as chief operating officer.
Swiss food group Emmi invests in importer Mexideli
In a bid to generate sales outside the country, Switzerland-based dairy company Emmi has signed an agreement to buy half of Mexico-based cheese and fresh product exporter Mexideli for an undisclosed sum.
Saudia to privatize four more businesses
Arabian Business said in its report that businesses of the state of Saudi Arabia, including Prince Sultan Aviation Academy and Saudia Private Airline, will be privatized soon.
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Research firm CB Insights revealed in its latest report that IPO activity will most likely be the most active in the technology sector as over 500 companies have healthy trajectories and high valuations.
The Wendy's Company said it had sold 30 restaurants in Austin to HAZA Foods and another 19 restaurants to Desmond Foods as part of its System Optimization initiative.
Singapore-based asset management company Black River Capital Partners Food Fund Holdings (Singapore) Pte Ltd has increased its holding in Philippine-based food exporter AgriNurture Inc, according to a stock exchange disclosure.
China's Bright Food Group Ltd unit Manassen Foods could be the frontrunner in an acquisition contest for United Dairy Power, the biggest privately-owned milk supplier in Australia, according to a news report by the Business Spectator.
Yildiz Holding, the Turkish owner of Godiva chocolates, will acquire Flipz and Turtles maker DeMet's Candy Co. for $221 million. DeMet's is owned by Connecticut private equity firm Brynwood Partners.
Bega Cheese Ltd., the largest shareholder in Warrnambool Cheese and Butter Co. Holdings, is reportedly negotiating with other firms including non-Australian investors on a possible sale of its 18.7% stake in Australia's oldest dairy firm.
China Investment Corporation, an investment fund owned by the Chinese government, is backing a Chinese food company that is considering bidding for Australia's Warrnambool Cheese and Butter Holdings Co, the Business Spectator reported on Friday, without citing any sources or naming the company.
The Slovenian beer market may turn sour as the government plans a state fire sale of its assets in a bid to steady its finances and avoid a bailout, Reuters reported.
A report said the wave of hotel initial public offerings of Blackstone Group showcased a resurgence in one of the sectors that suffered the most during the recession, the hospitality industry.
