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Acquisitions & Divestments
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JBS eyes chicken business acquisitions as it expands in Southeast Asia
The move comes days after JBS agreed to form a US$2.5 billion joint venture with Indonesia’s Danantara.
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Bain Capital acquires Gong cha to accelerate global expansion of bubble tea brand
Bain Capital will support Gong cha’s expansion across Asia and North America as the bubble tea chain strengthens its global footprint.
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Raízen sells Caarapó Sugar and Ethanol Mill to Adecoagro for US$149.3M
Raízen has agreed to sell its Caarapó sugar and ethanol mill to Adecoagro, advancing its asset divestment strategy to reduce debt and simplify operations.
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South Africa competition watchdog backs Coca-Cola HBC’s acquisition of Coca-Cola Beverages Africa
The proposed acquisition moves closer to completion after South Africa’s Competition Commission recommended approval, subject to public interest commitments.
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Varun Beverages to acquire Devyani Food Industries Kenya business for US$32M
The acquisition strengthens Varun Beverages’ manufacturing capabilities in Kenya while expanding its presence in dairy beverages, juices and packaged drinking water across East Africa.