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Acquisitions & Divestments
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Sasini cancels US$61.1M sale of Kiambu coffee estate
Sasini has terminated the planned sale of its Gulmarg coffee estate after the buyer failed to meet obligations, returning the asset to operational use.
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Tiger Brands sells Beacon Brand as it exits chocolate manufacturing
Tiger Brands is divesting the Beacon brand and chocolate manufacturing assets as part of a broader strategy to simplify operations and focus on higher-margin growth segments.
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Arla Foods, DMK Group secure regulatory approval for US$23.3B merger
Arla Foods and DMK Group have cleared regulatory hurdles for a €20bn merger that will unite 11,200 farmers into Europe’s largest dairy cooperative.
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Plukon Food Group acquires Spain’s Avimosa
Move follows earlier purchase of Grupo Avícola Hidalgo in Spain
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Asahi secures regulatory approval for majority stake acquisition in East African Breweries
Asahi has received regulatory exemptions in Kenya, Tanzania and Uganda to proceed with its acquisition of a controlling stake in East African Breweries.