Blog: Wimm-Bill-Dann beefs up war-chest
Dean Best | 6 July 2010
Russian dairy and baby food group Wimm-Bill-Dann Foods gave a sign of its financial firepower today (6 July) with news of a US$300m bond issue.
The company said strong demand from investors at home and abroad had enabled it to double its initial bond offering.
CEO Tony Maher said the investor demand was a "striking endorsement" of the company's "sound fundamentals, business model and strong growth prospects".
News of the bond issue comes swiftly on the back of Wimm-Bill-Dann's reported comments last month that it was on the look-out for acquisitions at home and abroad.
And it also comes with French dairy giant Danone beefing up its presence in Wimm-Bill-Dann's backyard with its venture with Russian milk processor Unimilk.
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- Dairy giant Muller appoints new CFO, COO
- Kellogg announces new "nutritious" line-up
- UK's Bakkavor plays down IPO "speculation"
- Kellogg's 1894 fund debut investment in Kuli Kuli