The transaction is expected to close later in the third quarter, marking a new chapter for FlavorSum under Warburg Pincus ownership.
The price increase follows a government-led review and aligns with ongoing reforms aimed at reviving the ailing sugar sector.
The acquisition aligns with Reliance’s broader plan to scale its presence in India’s growing health and wellness beverage market.
Despite rising alcohol tax targets, Morocco’s beer output declined while neighboring countries recorded notable increases in 2024.
Diageo is evaluating its controlling interest in EABL as part of a broader move to streamline global operations.