Switzerland-based food group Nestle SA is divesting its Givaudan SA shares worth USD1.27 billion to institutional investors, according to a statement on the company's website.
Hospitality/Food
Pan intends to regrow the Regent brand back in Hong Kong, China
Formosa International Hotels chairman Steven Pan Si-liang is not daunted to the task of expanding the Regent Hotel brand to saturated Hong Kong and China markets, as evident in a recent interview by the South China Morning Post.
Jordan Co. sells chemical services company Haas Group for up to $700M
American private equity firm Jordan Company has put up for sale its chemical management business Haas Group International. Sources estimated that the deal could be valued in between USD500 million to USD700 million.
Puregold acquires minority stake in Philippine supermarket chain
Philippine-based grocery chain Puregold Price Club Inc has purchased a 49.34% stake in supermarket chain San Roque Supermarket, with plans to increase Puregold's exposure in several Metro Manila areas.
Sterigenics inks deal to acquire Florida's Food Technology Service
Illinois-based sterilization services provider Sterigenics International LLC signed a definitive agreement to acquire Florida-based firm Food Technology Service Inc in a deal priced at USD7.23 per share.
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Carlsberg Group reportedly purchased a 30.3% stake in joint venture partner Chongqing Brewery. The Danish brewer hopes to expand its presence in China's USD76 billion liquor market.
Dubai state fund Investment Corp of Dubai (ICD) announced on Thursday that it has purchased the Atlantis hotel from a Dubai World unit for an undisclosed amount.
According to Tingyi Holding Corp Chief Financial Officer Frank Lin, his company could form more corporate alliances or strategic purchases next year in mainland China.
The stock of India-based Mahindra Holidays rose 5% after the company announced it had sold all its shares in two hotel firms in Austria for an undisclosed sum.
Washington-based organic salad chain Sweetgreen has received USD22 million in funding from investment fund Revolution Growth to help grow the company's brand in new markets.
Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio through acquisitions and divestments.
Latin America's largest investment bank, Grupo BTG Pactual, has applied with the commercial licensing bureau of Michigan to manage a commodities warehousing business in the US.
Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese companies and is led by a former Carlyle Group executive.
Dairy farmer Geoff Akers, the new chair of Dairy Australia, says the surge in takeover bids for milk processing companies is a good change for the industry.
