INDIA: Unilever to buy out International Bestfoods of India
Anglo/Dutch foods giant Unilever already holds a 75% stake in International Bestfoods of India , but a spokesman for the company has revealed that it intends to buy up the remaining shares to remove the obligation to maintain a stock market listing in Bombay. The Indian company is a subsidiary of the US foods group
Anglo/Dutch foods giant Unilever already holds a 75% stake in International Bestfoods of India, but a spokesman for the company has revealed that it intends to buy up the remaining shares to remove the obligation to maintain a stock market listing in Bombay.
The Indian company is a subsidiary of the US foods group Bestfoods that was recently acquired by Unilever. The latter are offering Rp 73 per share of International Bestfoods, but so far the local market is reacting coolly.
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