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LATEST NEWS
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Ferrero group to acquire WK Kellogg Co for US$3.1B
Upon completion, WK Kellogg Co will become a wholly owned subsidiary of Ferrero, and its shares will be delisted from the New York Stock Exchange.
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Kraft Heinz to divest infant, specialty food unit in Italy to NewPrinces at US$140M valuation
The agreement will see NewPrinces purchase the infant food brands Plasmon, Nipiol and Dieterba, and specialty food brands Aproten and Biaglut.
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Ethiopia’s coffee exports hit record US$2.65B in 2024/25 fiscal year
Coffee export earnings surpassed targets, driven by high global demand, productivity gains, and stricter export sector regulations.
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Transcao CI launches US$235M cocoa processing plant in Côte d’Ivoire
Transcao’s expansion strengthens domestic cocoa grinding capacity as the country moves to process half its cocoa locally.
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Kenya suspends sugar milling in Western regions for three months
The Kenya Sugar Board halts operations in key zones for three months to curb premature harvesting and safeguard farmer incomes.