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BAT to buy SA’s biggest vaping company in a move to ‘next-generation products’

BAT to buy SA’s biggest vaping company in a move to ‘next-generation products’

03/01/2018 - 11:09
Cigarette giant and rand-hedge British American Tobacco (BAT) SA is buying SA’s biggest vaping company‚ Twisp. read more
Natura Cosmeticos completes The Body Shop acquisition

Natura Cosmeticos completes The Body Shop acquisition

11/09/2017 - 11:31
The Body Shop’s surprise buyer Natura Cosmeticos has now completed its acquisition of the health and beauty retailer, after being granted permission by the competition watchdogs. read more
Could The Body Shop benefit from being sold?

Could The Body Shop benefit from being sold?

13/02/2017 - 14:21
This week cosmetics giant L’Oréal announced it was considering the sale of one of Britain’s most iconic retailers: The Body Shop. read more
Walmart doubles down on digital, pumps up global investments

Walmart doubles down on digital, pumps up global investments

14/10/2016 - 09:46
Two months after acquiring Jet.com for $3.3 billion, Walmart is once again taking steps to narrow its e-Commerce gap with Amazon, and to take the fight global. read more
Kleoss Capital acquires shareholding in Real Foods

Kleoss Capital acquires shareholding in Real Foods

17/08/2016 - 16:49
Kleoss Capital, a 100% black-owned South African private equity investment manager with a level 1 B-BBEE accreditation, has acquired a significant minority shareholding in Real Foods (owners of the Kauai, Nü Health Café and Kohu brands. read more
Competition watchdog approves £125m LloydsPharmacy takeover of Sainsbury's pharmacies

Competition watchdog approves £125m LloydsPharmacy takeover of Sainsbury's pharmacies

12/08/2016 - 16:39
The national competition watchdog has given a conditional greenlight for LloydsPharmacy to acquire 270 pharmacies from Sainsbury’s for £125 million. read more
Dollar Shave Club brings in the Dollars

Dollar Shave Club brings in the Dollars

25/07/2016 - 09:11
Venice, California start-up Dollar Shave Club (DSC) will be snatched up by Unilever for a reputed $1 billion, in what the Los Angeles Times said is the biggest acquisition ever of a venture-backed start-up in Los Angeles (neither Dollar Shave Club nor Unilever disclosed terms of the deal). read more
Woolworths to acquire Australian brand, David Jones

Woolworths to acquire Australian brand, David Jones

14/04/2014 - 14:34
David Jones is an iconic Australian brand and occupies a similar customer positioning to Woolworths in South Africa at the premium end of the apparel business, with both businesses enjoying strong aspirational brand identities and a strong alignment of values that put the customer first, offering excellent service and quality.  read more
Liberty Group acquires share of prestigious Melrose Arch Precinct

Liberty Group acquires share of prestigious Melrose Arch Precinct

04/03/2014 - 09:07
An acquisition in line with the Liberty Property Portfolio investment strategy: Liberty Group Limited, a wholly-owned division of Liberty Holdings Limited, yesterday announced the acquisition of a 25% undivided share in the yield producing assets of the Melrose Arch Precinct, from Melrose Arch Investment Holdings (“MAIH”). read more
Kroger completes acquisition of Harris Teeter

Kroger completes acquisition of Harris Teeter

31/01/2014 - 08:06
Cincinnati -- The Kroger Co. said it has completed its acquisition of Harris Teeter Supermarkets for about $2.5 billion. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock. read more
Bidvest lifts stake in Adcock

Bidvest lifts stake in Adcock

17/01/2014 - 08:00
Johannesburg - The Bidvest Group has increased its stake in drugmaker Adcock Ingram [JSE:AIP] to 9% and will close its offer for the drugmaker soon, said chief executive Brian Joffe. read more
Leading Botswana retail group goes to Namibia

Leading Botswana retail group goes to Namibia

08/01/2014 - 10:05
Fast moving consumer goods giants, Sefalana Holdings, will this year expand into the Namibian market with the acquisition of 12 stores as the BSE-listed group implements its regionally focused growth strategy. - See more at: http://www.mmegi.bw/index.php?aid=5956#sthash.7RdpqTtj.dpuf read more
Carlsberg expands into China

Carlsberg expands into China

06/01/2014 - 09:54
Danish brewer Carlsberg says it has bought the owner of eight Chinese breweries for 1.4 billion kroner (188 million euros, $258 million) as it continues to grow outside the sluggish markets of western Europe. read more
Carlsberg buys stake in China's Chongqing

Carlsberg buys stake in China's Chongqing

06/12/2013 - 09:00
Copenhagen/Shanghai - Danish brewer Carlsberg upped its stake in China's Chongqing Brewery to 60 percent, strengthening its foothold in the world's largest beer market by volume, and hopes to further increase its holding, the latter said. read more
Adcock leads JSE higher

Adcock leads JSE higher

18/11/2013 - 09:26
Johannesburg - South African shares put in a second straight day of gains on Friday with drugs maker Adcock in focus after Chile's CFR Pharmaceuticals formally bid $1.2bn to acquire it.  read more
Fountainhead delivers on market guidance and enters a new phase

Fountainhead delivers on market guidance and enters a new phase

14/10/2013 - 10:00
Fountainhead Property Trust last week declared a distribution for the 11 months to 31 August 2013 in line with market guidance and 2% down on its distribution for the comparable 11 months in 2012. The Trust changed its financial year-end from 30 September to 31 August. read more
Distell taps into China's cognac market

Distell taps into China's cognac market

09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East. read more
Competition Commission approves Gustav Voigts Centre deal, Oryx Properties, Growthpoint, Namibia

Competition Commission approves Gustav Voigts Centre deal, Oryx Properties, Growthpoint, Namibia

09/10/2013 - 08:47
The Namibian Competition Commission has given its blessings to the deal in which Oryx Properties was seeking permission to acquire the Gustav Voigts Centre from Growthpoint Properties. read more
Edcon acquires controlling shares in Accessorize, La Senza and Inglot

Edcon acquires controlling shares in Accessorize, La Senza and Inglot

12/09/2013 - 08:32
Johannesburg, 10 September 2013 - Edcon has recently confirmed its acquisition of a controlling stake in the companies which hold the local franchise rights to Accessorize, La Senza and Inglot. The group’s acquisition is in line with Edcon’s current strategy to increase its branded content and introduce new international brands to its offering to the benefit of its customers. read more
US: Fresh & Easy acquired by Yucaipa; store closures on tap

US: Fresh & Easy acquired by Yucaipa; store closures on tap

11/09/2013 - 09:48
Los Angeles -- Grocery chain Fresh & Easy confirmed reports that its British parent Tesco LLC has sold the brand to private equity firm The Yucaipa Cos., following months of uncertainty about the 200+-unit chain’s future. read more
Supasave acquisition to yield P10m profit for Choppies, Botswana

Supasave acquisition to yield P10m profit for Choppies, Botswana

09/09/2013 - 09:29
The acquisition of Supasave by Choppies is set to improve the latter's revenue by at least P200 million in the next financial year.  read more
Nokia sells phone unit to Microsoft

Nokia sells phone unit to Microsoft

04/09/2013 - 12:12
Helsinki - Beleaguered Finnish mobile phone maker Nokia will sell its mobile phone unit to the US group Microsoft for 5.44-billion euros ($7.17-billion), it has said. read more
L’Oréal maintains annual targets

L’Oréal maintains annual targets

02/09/2013 - 09:48
Paris - L’Oréal SA, the world’s largest cosmetics maker, confirmed its full-year targets after reporting a 7.7 percent increase in first-half earnings as stronger sales in emerging markets fuelled improved profitability.  read more
RCL Foods Ltd, results for year ended 30 June 2013

RCL Foods Ltd, results for year ended 30 June 2013

28/08/2013 - 09:35
Durban, 27 August 2013: RCL Foods Limited, formerly known as Rainbow Chicken Limited, yesterday issued its results for the year ended 30 June 2013. read more
L’Oréal announces proposal to acquire Magic Holdings in China

L’Oréal announces proposal to acquire Magic Holdings in China

23/08/2013 - 12:44
Clichy / Shanghai / Hong Kong, August 15,2013 – L’Oréal and Magic Holdings International Limited have issued today a “joint announcement” regarding L’Oréal’s proposal to acquire all of the shares of Magic Holdings International Limited, a company listed in the Hong Kong Stock Exchange (stock code: 1633.HK). The proposed price is 6,30 HK dollars per share. read more
PIC wants Adcock to stay in local hands

PIC wants Adcock to stay in local hands

23/07/2013 - 08:56
Johannesburg - The top shareholder in Adcock Ingram said it would prefer a local buyer for the country's second-biggest drug maker over a $1.3bn bid from Chile's CFR Pharmaceutical. read more
KBL, BBL merger to deliver growth prospects for Botswana beer market

KBL, BBL merger to deliver growth prospects for Botswana beer market

19/07/2013 - 09:29
Kgalagadi Breweries Limited (KBL) managing director Johan De Kok says the amalgamation of KBL and the Botswana Breweries Limited (BBL) is expected to do away with unnecessary costs and deliver strategic opportunities arising from a leaner supply chain. read more
Merck deal set to spur Aspen bond sale

Merck deal set to spur Aspen bond sale

17/07/2013 - 08:49
Aspen Pharmacare’s purchase of a Merck division would probably spur South Africa’s largest drug maker to sell its first bonds to diversify debt, money manager Anchor Capital said on Friday. read more
Rainbow Chicken: Stake in Foodcorp raised by 23.9% more

Rainbow Chicken: Stake in Foodcorp raised by 23.9% more

03/07/2013 - 11:56
Rainbow Chicken has entered an agreement to acquire a further 23.9 percent stake in food producer Foodcorp, a transaction that would increase this broiler producer’s effective interest in Foodcorp to 88.1 percent. In April, Rainbow acquired a 64.2 percent stake in Foodcorp through its subsidiary Capitau Investment Management.  read more
Nokia buys Siemens’ stake in NSN

Nokia buys Siemens’ stake in NSN

01/07/2013 - 10:43
Finnish mobile phone company Nokia said on Monday it has agreed to buy Siemens AG’s stake in their joint venture Nokia Siemens Networks (NSN) for 1.7 billion euros ($2.2 billion). read more
Steinhoff International: Steinhoff to buy Austria’s Kika-Leiner

Steinhoff International: Steinhoff to buy Austria’s Kika-Leiner

27/06/2013 - 11:16
South African furniture retailer Steinhoff International would acquire Austria’s Kika-Leiner Group as part of its strategy to bulk up its presence across Europe, the company said yesterday.  read more
"Choppies Offer Was Sweetest For Supasave, Botswana

"Choppies Offer Was Sweetest For Supasave, Botswana

24/06/2013 - 11:21
The Competition Authority has revealed that Choppies was one of three suitors lined up to acquire 15-year-old retail group, SupaSave, winning the deal due to the superiority of its offer on the table. read more
France's Danone acquires 8.3% stake in Chinese dairy company

France's Danone acquires 8.3% stake in Chinese dairy company

29/05/2013 - 09:28
The world's leading yogurt maker Danone announced that it has agreed to acquire a 8.3% stake in the Chinese dairy company Mengniu, and it will establish a joint venture with Mengniu in China. read more
Imperial takes African logistics leap with acquisition of Nigeria’s MDS

Imperial takes African logistics leap with acquisition of Nigeria’s MDS

14/05/2013 - 08:18
Imperial Holdings has gained a foothold in Nigeria’s fast-growing logistics market with the acquisition of a 49 percent stake in leading Nigerian provider MDS for $26 million (R237m) in cash. read more
Kenya: French firm to stir beauty products sector as it acquires Nice & Lovely

Kenya: French firm to stir beauty products sector as it acquires Nice & Lovely

10/05/2013 - 09:22
The gloves are off in the fight for a giant share of Kenya’s multi-billion shilling beauty industry as French multinational acquires part of the company that owns Nice & Lovely. read more
Adcock gets proposals for 100% aquisition

Adcock gets proposals for 100% aquisition

10/05/2013 - 08:05
South African drugmaker Adcock Ingram said on Thursday a rival bid was in the offing to a $675m (R60.7) one made by conglomerate Bidvest [JSE:BVT], raising the stakes for a possible acquisition and pushing its share price up almost 8%. read more
Botswana: Choppies supermarket moves to acquire competitor, SupaSave

Botswana: Choppies supermarket moves to acquire competitor, SupaSave

03/05/2013 - 09:52
Local Botswana retail chain, Choppies, has moved to wholly acquire one of its competitors, SupaSave, the Competition Authority (CA) revealed on Wednesday. read more
Rainbow‚ Foodcorp deal gets the nod

Rainbow‚ Foodcorp deal gets the nod

26/04/2013 - 14:26
Johannesburg - The Competition Tribunal on Thursday approved Rainbow Chicken's [JSE:RBW] acquisition of a 64.2% interest in Foodcorp Holdings with conditions‚ which were not immediately available. read more
AB InBev Said to Reach Agreement With U.S. to Buy Modelo

AB InBev Said to Reach Agreement With U.S. to Buy Modelo

23/04/2013 - 15:41
Anheuser-Busch InBev NV and the U.S. Justice Department reached an agreement over the company’s acquisition of Grupo Modelo SAB, two people familiar with the matter said. read more
Walmart has several acquisition options

Walmart has several acquisition options

11/04/2013 - 10:58
Holding $7.33 billion in cash at the end of fiscal 2013, Walmart has many options on how to expand its global reach through acquisitions in Turkey, Colombia and other nations. read more
Hyprop buys Somerset Mall from Sycom for R2.3 billion

Hyprop buys Somerset Mall from Sycom for R2.3 billion

02/04/2013 - 09:19
Retail-focused property investment group, Hyprop Investments, on March 28 announced the acquisition of Somerset Mall for a total consideration of R2,3 billion from Sycom Property Fund. read more
Target buys two online kitchenware chains

Target buys two online kitchenware chains

15/03/2013 - 10:21
Minneapolis -- Target Corp. has made two e-commerce acquisitions aimed at expanding its presence in the growing cooking and kitchenware market. The retailer said it has acquired CHEFS Catalog and assets of Cooking.com in two separate transactions.  read more
Heineken chief gets €4m bonus

Heineken chief gets €4m bonus

13/03/2013 - 10:33
Heineken, the world's biggest brewer, more than doubled chief executive Jean-Francois Van Boxmeer's pay in 2012 as it awarded him one-time share bonuses worth €4m. read more
Steinhoff profit up 5%

Steinhoff profit up 5%

06/03/2013 - 08:28
Johannesburg - South African furniture maker and retailer Steinhoff International reported a 5 percent rise in first-half profit on Tuesday as the weaker rand currency helped offset slack consumer demand.  read more
Cipla ups offer for SA's Cipla Medpro

Cipla ups offer for SA's Cipla Medpro

28/02/2013 - 09:35
Mumbai - Indian drugmaker Cipla on Thursday sweetened its offer by 17% to take over South Africa's third-largest drugmaker, Cipla Medpro South Africa [JSE:CMP], ending the uncertainty of an earlier offer that had been put on hold by the Indian company. read more
SABMiller China Venture to Pay $851 Million for Brewery

SABMiller China Venture to Pay $851 Million for Brewery

18/02/2013 - 10:39
SABMiller Plc’s joint venture in China agreed to pay HK$6.6 billion ($851 million) for beermaking assets from Kingway Brewery Holdings Ltd. to boost its share of the world’s biggest market for the beverage.  read more
US futures tick down

US futures tick down

18/02/2013 - 09:48
New York - US stock index futures dipped on Friday, continuing a trend this week of thin volume and tight trading bands, as the S&P 500 struggled to extend its streak of weekly gains to seven read more
Buffett puts his money in sauce

Buffett puts his money in sauce

15/02/2013 - 08:45
New York - Billionaire Warren Buffett, the most closely watched investor in America, is putting his money in ketchup, agreeing on Thursday to buy H.J. Heinz Company for $23.3-billion in the richest deal ever in the food industry. read more
Woolworths posts impressive profit

Woolworths posts impressive profit

15/02/2013 - 08:19
Johannesburg - Retailer Woolworths Holdings [JSE:WHL] reported a 21% rise in first-half profit chiefly as a result of contributions from its recent acquisition in Australia. read more
Cipla Medpro's India deal on hold

Cipla Medpro's India deal on hold

12/02/2013 - 08:07
Johannesburg - The acting chief executive officer of Cipla Medpro said on Monday the generic drug firm has not received any communication from its Indian suitor, Cipla that an acquisition deal has been put on hold. read more
SaBMiller China unit pays HK$6.6bn for assets

SaBMiller China unit pays HK$6.6bn for assets

06/02/2013 - 08:47
SABMiller’s joint venture in China agreed to buy HK$6.6 billion (R7.5bn) worth of brewery assets from Kingway Brewery Holdings to boost its share of the nation’s beer market. read more
Business Connexion completes Intergr8 IT buy

Business Connexion completes Intergr8 IT buy

05/02/2013 - 08:31
Business Connexion has finalised its 100% acquisition of ICT management specialist firm Integr8 IT.  read more
Budweiser-Corona beer merger opposed by US

Budweiser-Corona beer merger opposed by US

04/02/2013 - 08:14
The US Justice Department is trying to stop a big beer merger.  read more
Cipla to push India to raise bid

Cipla to push India to raise bid

24/01/2013 - 09:27
Johannesburg/Mumbai - Drug company Cipla Medpro South Africa [JSE:CMP] is expected to demand more than the $215m on offer from Indian suitor Cipla Ltd to reflect a lucrative government contract win that will increase its earnings power.  read more
Bacardi Limited buys St-Germain liqueur

Bacardi Limited buys St-Germain liqueur

14/01/2013 - 13:42
Bacardi Limited has announced the acquisition of St-Germain artisanal elderflower liqueur and plans to expand the brand's reach internationally.  read more
Diageo submits info on United Spirits open offer to SEBI

Diageo submits info on United Spirits open offer to SEBI

11/01/2013 - 10:35
Mumbai, Jan 8, Global liquor major Diageo Plc has submitted details sought by market regulator SEBI regarding its Rs 5,441-crore open offer for buying stake in the Vijay Mallya-led United Spirits. read more
Diageo may put preferential issue of United Spirits on hold due to surge in stock prices

Diageo may put preferential issue of United Spirits on hold due to surge in stock prices

27/11/2012 - 08:41
Mumbai: The pricing of the preferential share sale by United Spirits Ltd (USL) to Diageo may face some resistance from minority shareholders following the surge in the USL stock price, market participants said.  read more
Cisco in $1.2bn cloud deal

Cisco in $1.2bn cloud deal

20/11/2012 - 07:51
New York - American information technology firm Cisco said it will acquire Meraki, a leader in cloud networking, in a deal worth $1.2bn. read more
C&C buys U.S. cider firm as core UK market weakens

C&C buys U.S. cider firm as core UK market weakens

31/10/2012 - 09:13
DUBLIN, Oct 23 (Reuters) - Ireland's C&C is to buy U.S. firm Vermont Hard Cider for $305 million as it bids to make up for weakness its core UK market, where sales of its flagship Magners brand slumped during a wet summer. read more
Strain as grain giants tighten grip

Strain as grain giants tighten grip

29/10/2012 - 07:46
A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed. read more
 Fruit and Veg City buys stake in liquor group

Fruit and Veg City buys stake in liquor group

11/09/2012 - 08:56
Fruit and Veg City Holdings on Monday announced that it had acquired a stake in Diamonds Discount Liquors.  read more
Kellogg, KKR Said to Eye United Biscuits’ Snacks Unit

Kellogg, KKR Said to Eye United Biscuits’ Snacks Unit

10/09/2012 - 09:21
Companies including Kellogg Co. (K) and KKR & Co. are considering bids for United Biscuits’ snacks unit, people with knowledge of the matter said.  read more
Ascendis makes its fourth acquisition in last 12 months  with combined deals of over R500 million

Ascendis makes its fourth acquisition in last 12 months with combined deals of over R500 million

24/08/2012 - 13:34
Ascendis Health (Pty) Limited today announced the acquisition of Chempure (Pty) Limited for an undisclosed sum. The transaction will further consolidate Ascendis’ position in South Africa’s healthcare products market. This deal is in line with the Groups vertical integration strategy to acquire key players in the central parts of the health products value chain.  read more
Green Cross now in AVI stable

Green Cross now in AVI stable

30/07/2012 - 08:10
Johannesburg – Consumer group AVI [JSE:AVI] says all outstanding conditions for the acquisition of Green Cross Manufacturers‚ Green Cross Retail Holdings and Green Cross properties have been fulfilled and the closing date for the transaction is Friday 27 July. read more
More food, beverage mergers expected

More food, beverage mergers expected

24/07/2012 - 09:09
Grant Thornton said yesterday it was positive about increased merger and acquisition (M&A) activity in the food and beverage sector, as conditions seem ripe for investors looking to expand. read more
GSK clinches deal to buy Human Genome

GSK clinches deal to buy Human Genome

17/07/2012 - 07:52
London/Boston - GlaxoSmithKline is to acquire its long-time partner Human Genome Sciences for a sweetened offer of about $3-billion, ending on friendly terms a three-month hostile pursuit of the US biotech company.  read more
AB InBev buys out Corona maker Modelo for $20 billion

AB InBev buys out Corona maker Modelo for $20 billion

10/07/2012 - 08:42
Brussels--Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for $20.1 billion, giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands. read more
Adcock subsidiary buys Cosme unit for R778m

Adcock subsidiary buys Cosme unit for R778m

10/07/2012 - 08:29
Adcock Ingram Healthcare Private Limited, a wholly owned subsidiary of the Adcock Ingram Group registered in India, has reached agreement to acquire certain assets of Cosme Farma Laboratories Limited, a pan-Indian pharmaceutical company based in Goa, India. read more
Local M&A activity lags last year’s levels

Local M&A activity lags last year’s levels

04/07/2012 - 08:20
Merger and acquisition (M&A) activity involving local companies was worth $5.8 billion (R47.3bn) in the first half of the year, according to Thomson Reuters. The number is about half the $11.5bn announced in the first half of last year. read more
Seed takeover vexes farmers

Seed takeover vexes farmers

01/06/2012 - 11:07
Black emerging farmers and the African Centre for Biosafety (ACB) anticipate an uncertain future for South Africa’s crop production following the approval, on appeal, of the takeover of Pannar Seed by Pioneer Hi-Bred, a subsidiary of DuPont. read more
Opinion piece: seed merger - conditions and implications

Opinion piece: seed merger - conditions and implications

30/05/2012 - 14:24
The Competition Appeal Court (CAC) this week approved the intermediate merger between Pioneer, a US based international developer and supplier of plant genetics and Pannar, a family firm based in Kwa-Zulu Natal, subject to several conditions.  read more
Barloworld to acquire Bucyrus unit

Barloworld to acquire Bucyrus unit

21/05/2012 - 08:39
Brands management group Barloworld (BAW) issued a cautionary on Friday saying it was in negotiations with Caterpillar Global Mining LLC and some of its subsidiaries for the acquisition of the Bucyrus distribution businesses in certain of Barloworld's southern African Cat dealership territories. read more
Creative Housewares acquires Lucky Distributors

Creative Housewares acquires Lucky Distributors

15/05/2012 - 10:34
Creative Housewares (Pty) Ltd, a leading importer and distributor of branded household appliances and houseware products, today announced the acquisition of Lucky Distributors CC, a distributor of salon and personal care products and equipment specializing in the emerging market. read more
PBT buys SAP company

PBT buys SAP company

16/04/2012 - 11:13
JSE-listed PBT Group has agreed to buy out SAP specialisation company BI-Blue for an undisclosed amount. read more
Shoprite to raise $1bn for expansion

Shoprite to raise $1bn for expansion

23/03/2012 - 13:00
Johannesburg - South African supermarket chain Shoprite Holdings [JSE:SHP] said it will raise up to $1bn by issuing new shares and convertible bonds to strengthen its balance sheet and help fund potential acquisitions. read more
Kellogg to Buy Procter & Gamble’s Pringles for $2.7 Billion

Kellogg to Buy Procter & Gamble’s Pringles for $2.7 Billion

16/02/2012 - 10:06
Kellogg Co. (K) agreed to acquire Procter & Gamble Co.’s Pringles potato chip business for about $2.7 billion in cash to triple its global snacks sales after a deal with Diamond Foods Inc. (DMND) fell through. read more
Local Clothing sector boosted by TFG acquisition of fashion manufacturer

Local Clothing sector boosted by TFG acquisition of fashion manufacturer

30/01/2012 - 10:23
SA’s largest diversified credit retailer, TFG (The Foschini Group), has bought its longstanding clothing manufacturing supplier, Prestige Clothing, to improve its competitive advantage in a move that has sent positive ripples through the local clothing sector. read more
PepsiCo May Boost Marketing Budget to Take On a Surging Coca-Cola: Retail

PepsiCo May Boost Marketing Budget to Take On a Surging Coca-Cola: Retail

27/01/2012 - 09:27
PepsiCo Inc. (PEP) Chief Executive Officer Indra Nooyi has taken over a coconut-water company, acquired a dairy in Russia and spent millions on a philanthropic marketing campaign. Her next big investment has a more familiar name: Pepsi-Cola. read more
Steinhoff to take over JD Group

Steinhoff to take over JD Group

27/01/2012 - 07:57
Johannesburg - Steinhoff International Holdings [JSE:SHF], Africa’s biggest furniture maker, aims to increase its stake in JD Group [JSE:JDG] through a share swap deal to gain control of the South African retailer.  read more
Tiger Brands acquires canning firm

Tiger Brands acquires canning firm

19/12/2011 - 12:12
Johannesburg - Diversified industrial group Tiger Brands [JSE:TBS] on Monday announced the acquisition of the remaining interests in Langeberg and Ashton Foods. read more
Tribunal tells Massmart to tweak deals

Tribunal tells Massmart to tweak deals

19/12/2011 - 09:33
Competition Tribunal chairman Norman Manoim sent Massmart home yesterday without approving its acquisition of Fruitspot and 16 Rhino stores, and asked the retailer and the Competition Commission to tweak conditions to the sales. read more
Aramex Acquires Leading South African Logistics Company, Berco Express

Aramex Acquires Leading South African Logistics Company, Berco Express

15/12/2011 - 08:28
Dubai, December 12th, 2011: Aramex, the global logistics and transportation solutions provider, announced today that it has completed the full acquisition of Berco Express (Pty) Ltd, one of South Africa’s leading logistics and transportation companies. read more
Heineken buys 918 British pubs

Heineken buys 918 British pubs

05/12/2011 - 08:15
Amsterdam - Dutch brewer Heineken NV says it has purchased Galaxy Pub Estate, owner of 918 pubs in Britain, from Royal Bank of Scotland PLC for 412 million pounds ($646 million) in cash. read more
Court overturns Pick n Pay sale hurdle

Court overturns Pick n Pay sale hurdle

01/12/2011 - 08:44
An Australian court overturned a decision by the country's competition watchdog to block wholesale firm Metcash buying stores from South Pick n Pay Stores [JSE:PIK] - a precedent that may make it harder to challenge future deals. read more
‘Streamline competition approval of mergers’

‘Streamline competition approval of mergers’

30/11/2011 - 09:54
The Competition Commission should have the discretion to approve large, uncontroversial mergers, and to refer small, problematic mergers to the Competition Tribunal for public hearings, says the former head of its mergers and acquisitions division, Maarten van Hoven.  read more
Ruling on Walmart deal due soon

Ruling on Walmart deal due soon

28/11/2011 - 08:47
Competition Appeal Court Judge President Dennis Davis has said he hopes to announce a decision on Walmart’s purchase of a controlling stake in Massmart by the end of next month. read more
Australia approves Foster's takeover

Australia approves Foster's takeover

28/11/2011 - 07:50
Sydney - Australia on Friday approved brewer SABMiller's AU$9.9bn takeover of Foster's, but with strict conditions that will see key operations remain in the country.  read more
Champagne Deutz to implement new brand representation strategy in US

Champagne Deutz to implement new brand representation strategy in US

25/11/2011 - 08:58
French champagne producer Champagne Deutz will implement a new Regional Representation strategy beginning 2012, allowing importers / distributors outside the Champagne Louis Roederer network to represent the brand in the US.  read more
Adcock turns in a ‘mixed bag’ of results

Adcock turns in a ‘mixed bag’ of results

23/11/2011 - 09:07
Adcock Ingram said yesterday that results for the year to September were mixed, despite turnover from continuing operations rising 8% to R4,5bn. read more
Oceana to acquire Lusitania

Oceana to acquire Lusitania

22/11/2011 - 07:46
Johannesburg - Oceana Group [JSE:OCE] has, through various subsidiaries, concluded agreements to purchase the hake, horse mackerel and south coast lobster fishing rights and related assets of the Lusitania Group and associated companies as well as its cold storage business.  read more
IMF: Walmart's SA entry transparent

IMF: Walmart's SA entry transparent

17/11/2011 - 11:04
Walmart's R16.5 billion acquisition of Massmart has been a transparent process with all the regulatory bodies playing their parts properly, says the International Monetary Fund (IMF).  read more
AFGRI finalises Pride Milling purchase

AFGRI finalises Pride Milling purchase

15/11/2011 - 10:36
Listed agricultural services and foods group AFGRI on Monday confirmed that it has officially acquired the yellow maize milling business of Pride Milling for R220 million. read more
Heineken, Coca-Cola Hellenic to raise stakes in European JV

Heineken, Coca-Cola Hellenic to raise stakes in European JV

11/11/2011 - 09:19
Dutch brewing major HEINEKEN and Coca-Cola Hellenic have reached an agreement to acquire 41.2% shares in their joint venture beverage company, Pivara Skopje, in Former Yugoslav Republic of Macedonia (FYROM) in Europe. read more
Oceana earnings rise 5%

Oceana earnings rise 5%

11/11/2011 - 08:09
Johannesburg - Fishing and allied services group Oceana Group [JSE:OCE] on Thursday reported a 5% increase in diluted headline earnings per share for the year to September 30 2011 from 299.2 cents to 312.7c. read more
LG Electronics to Raise $884M in New Share Sale

LG Electronics to Raise $884M in New Share Sale

03/11/2011 - 09:21
LG Electronics Inc. (066570), reeling from losses at its panel and mobile-phone units, plans to sell new shares worth 1 trillion won ($884 million) to raise capital for investments, according to a person with knowledge of the plan. read more