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Acquisitions & Divestments
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Varun Beverages to acquire South Africa’s Twizza in US$125M deal
The acquisition strengthens Varun Beverages’ Africa strategy as the PepsiCo bottler accelerates regional manufacturing and distribution expansion.
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Diageo divests stake in East African Breweries to Japan’s Asahi for US$2.3B
The transaction marks Diageo’s exit from EABL, transferring control to Japan’s Asahi Group, subject to regulatory approval.
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Agrova International gains 23% stake investment from Accession Capital
Move sets up supervisory board for group’s European expansion.
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Lantmännen acquires Swedish Slaktarkorv meat brand
Move supports expansion in Swedish sausages amid recent financial dip.
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Luckin Coffee weighs potential bid for Nestlé’s Blue Bottle to expand premium coffee footprint
China’s largest coffee chain explores acquisitions to strengthen its position in the global premium coffee market.