Blog: Dean BestWimm-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.


BLOG

General Mills trials new way of buying Haagen-Dazs

On Friday (7 September), ice-cream lovers in part of central London were able to order Häagen-Dazs on their phones - and have it delivered directly to them, wherever they were....

BLOG

just-food closed on Monday 27 August

As I type, grey skies cover south-east London, with drizzle hitting the windows - but the forecast is set fairer for tomorrow when the country has its final public holiday before Christmas Day....

BLOG

If Kraft Heinz passed on Pinnacle, it should do so with Campbell

It's almost 18 months since Unilever rebuffed Kraft Heinz and, ever since, the rumour mill has spun over where the US manufacturer could look next. It's been reported today (2 August) the ketchup make...



Forgot your password?