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M&As, Funding & Investments
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Brimstone to sell part of South Africa’s Oceana stake for about US$37.4M
The deal hands a sizeable portion of Oceana to a B-BBEE-owned consortium.
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French retailer Monoprix returns to Mauritius through new partnership with Groupe Aldis
New store signals renewed competition in a shifting grocery landscape.
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EU approves Mars’ US$35.9B acquisition of Kellanova after competition probe
The European Commission has cleared Mars’ multibillion-dollar takeover of Kellanova following an extensive competition assessment.
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Tropical Sugar Company to invest US$50M in new sugar production facility in Jamaica
50,000-ton modern plant to create 2,000 jobs and produce jaggery, molasses and renewable energy from bagasse.
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SBM buys 33% stake in Africa Retail Market in US$4.2M deal
Castel-backed SBM strengthens distribution foothold as Morocco’s grocery sector sees aggressive store expansion.