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Sugar & Confectionery – M&A, INVESTMENTS & FUNDING
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Nile Sugar to invest US$450M in Uzbekistan sugar beet farming, processing plant
Egypt’s Nile Sugar plans a major Uzbekistan investment to boost domestic sugar output and ease reliance on imports.
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China’s Busy Ming seeks up to US$428M in Hong Kong IPO to fund snack and beverage expansion
Busy Ming aims to strengthen its low-cost snack and drink network as it tests investor demand in Hong Kong.
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McCormick raises stake in McCormick de Mexico to 75% in US$750m deal
Acquisition strengthens McCormick’s control of its Mexican joint venture and supports regional expansion plans.
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BUA Foods nears completion of Nigeria’s largest integrated sugar facility in Kwara State
The Lafiagi project aims to boost domestic sugar production, generate power and ethanol, and support Nigeria’s backward integration policy.
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Unilever completes demerger of Magnum Ice Cream Company as it accelerates portfolio shift
The newly listed Magnum Ice Cream Company begins independent operations as Unilever sharpens its focus on health and wellness brands.