The bidding for Egyptian snacks group Bisco Misr intensified, there was speculation over Kerry Group’s frozen ready-meal business and Danone sold its dairy business in Indonesia.
Abraaj ups offer again in Bisco Misr takeover battle
Private-equity firm Abraaj has tabled a fresh bid for Egyptian snack maker – and Kellogg takeover target – Bisco Misr.
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Profiles: Egyptian takeover targets Arab Dairy and Bisco Misr
Egypt has been in the M&A spotlight in recent weeks, with Arab Dairy and local snacks group Bisco Misr the subject of interest from international suitors. just-food explores the background of each company and looks at why the likes of Lactalis, Arla, Kellogg and private-equity firm Abraaj are battling it out to buy the businesses.
Deal or no deal: Why a frozen sale makes sense for Kerry
Kerry Group is reportedly mulling the sale of its frozen food business. The company has seen strong sales and profit momentum at its ingredients unit but endured a lacklustre performance from the consumer foods side of the business. In this context, it makes sense for the Irish company to pare down peripheral and under-performing areas of Kerry Foods. Katy Askew reports.
Campylobacter in 70% of UK supermarket chicken – FSA
More than 70% of fresh chickens being sold in UK supermarkets are contaminated with campylobacter, a survey by the Food Standards Agency has revealed.
Indofood to buy Danone’s Indonesian dairy arm
Indofood struck a deal to acquire 100% of Danone Dairy Indonesia (DDI) through its local dairy subsidiary Indolakto.
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