Danone agrees to sell shareholding in Huiyuan

Danone has agreed to sell its 22.98% shareholding in China Huiyuan Juice Group Limited to SAIF Partners, a Hong Kong-based private equity firm. As per the agreement, Danone is to sell its participation for HK$ 6.00 per share, for...

BAT and EC sign agreement to combat illicit trade

ritish American Tobacco (BAT) yesterday entered into a cooperation agreement with the European Commission (EC) and the member states of the European Union (EU) to collectively tackle the problem of illicit trade in tobacco. As...

Constantia Flexibles buys Spanish Tobepal from AMCOR

Constantia Flexibles Holding GmbH, a 100% subsidiary of the listed Constantia Packaging AG headquartered in Vienna buys Spanish Tobepal from AMCOR Flexibles Hispania S.L., which belongs to 100% to the Australian AMCOR Group....

Unilever’s Findus Italy goes to Birds Eye Iglo

Anglo-Dutch consumer goods giant Unilever yesterday confirmed the sale of its Findus Italy business to frozen-foods group Birds Eye Iglo in a deal worth EUR805 million (A$1.2 billion).

Unilever said it had sold Findus Italy “to...

Carrefour acquires stake in Baolongcang

Carrefour has signed an agreement to acquire 51% of Baolongcang, one of the main hypermarket operators in the Hebei region, close to Beijing. Baolongcang’s founders will retain a 49% stake in the joint venture. Baolongcang...