WORLD NEWS
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HUL sells Annapurna and Captain Cook brands to exit Atta and salt business
INDIA – Hindustan Unilever Limited (HUL), an Indian consumer goods company, is exiting from the non-core Atta and salt business with the divestment of its…
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Heineken begins US$1bn shares buyback from exiting shareholder FEMSA
NETHERLANDS – Heineken has bought €1 billion (US$1 billion) worth of shares from the Mexican Coca-Cola bottler and convenience store operator Fomento Economico Mexicano SAB(FEMSA).…
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E-commerce company Talabat pilots first food delivery robots in partnership with UAE authorities
UAE – Online food ordering company Talabat, Dubai Roads and Transport Authority, and Dubai Integrated Economic Zones Authority have launched a three-month pilot program for…
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IFF sells Flavor Specialty Ingredients business as another activist investor buys stake worth US$240M
USA – IFF, an American corporation that produces and markets flavours and fragrances, has entered into an agreement to sell its Flavor Specialty Ingredients (FSI)…
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Valio, VTT partnership explores ways to reduce methane in dairy production
FINLAND – Valio, a leading Finnish farmer-owned dairy, together with VTT, a leading research institution in Finland, have come together to explore possibilities of reducing…