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Pioneer Foods confident competition authorities won't reject R24.4bn PepsiCo deal

Pioneer Foods confident competition authorities won't reject R24.4bn PepsiCo deal

25/07/2019 - 15:00
Pioneer Foods CEO Tertius Carstens is confident that the company’s R24bn takeover by PepsiCo will be approved by competition authorities, as he believes the acquisition has no negative implications for local industries. read more
Pioneer Foods deal will be PepsiCo's biggest in Sub-Saharan Africa

Pioneer Foods deal will be PepsiCo's biggest in Sub-Saharan Africa

22/07/2019 - 09:04
The US food and beverages company says the deal, worth about R24bn, will boost the SA economy. read more
SAB close to acquiring Smirnoff drinks range

SAB close to acquiring Smirnoff drinks range

19/07/2019 - 11:27
South African Breweries (SAB) is a step closer to acquiring the Smirnoff ready-to-drink (RTD) range of products, mostly ciders, and mixes, after the Competition Commission announced the approval of the acquisition from Diageo South Africa.  read more
Unilever acquires OLLY Nutrition

Unilever acquires OLLY Nutrition

24/04/2019 - 13:13
Unilever has continued its recent acquisition spree by agreeing to buy OLLY Nutrition, a US-based wellbeing business in the vitamins, minerals, and supplements (VMS) category. read more
 Carrefour franchisee on prowl for acquisitions to grow in Africa

Carrefour franchisee on prowl for acquisitions to grow in Africa

03/04/2019 - 08:42
Majid Al Futtaim Holding, an operator of French retailer Carrefour SA outlets, plans to boost its presence in Kenya as it looks to expand into eastern and southern Africa.  read more
Watches of Switzerland sets its sights on more US acquisitions

Watches of Switzerland sets its sights on more US acquisitions

25/03/2019 - 09:38
Watches of Switzerland expects to make further acquisitions in the US, which it first entered in 2017 with the purchase of jeweller Mayors, its CEO said.  read more
Long4Life acquires leading footwear and clothing brand, Rage

Long4Life acquires leading footwear and clothing brand, Rage

26/06/2018 - 15:03
Investment company Long4Life is delighted to announce its acquisition of the entire issued share capital of Rage Distribution Proprietary Limited (Rage). read more
Richemont lifts its game plan with Watchfinder deal

Richemont lifts its game plan with Watchfinder deal

13/06/2018 - 09:14
Richemont, the Swiss luxury brands group run by the Rupert family, has taken another step in its aggressive plan to build a formidable retail network.  read more
Kellogg’s acquires $420 million stake in African joint venture

Kellogg’s acquires $420 million stake in African joint venture

07/05/2018 - 09:31
Kellogg’s has exercised an option to acquire a stake in packaged food manufacturer Tolaram Africa Foods (TAF), – a subsidiary of Tolaram Group – for $420 million, as the company seeks to expand its presence in the African market. read more
Competition Commission gives Billabong takeover the green light

Competition Commission gives Billabong takeover the green light

13/04/2018 - 08:10
The Competition Commission has approved, with conditions, the acquisition of Australian surf-wear retailer Billabong by global apparel business Boardriders, formerly known as Quiksilver. read more
Reynolds acquisition helps BAT offset fall in cigarette sales

Reynolds acquisition helps BAT offset fall in cigarette sales

22/02/2018 - 13:58
British American Tobacco (BAT) managed to offset a decline in cigarette sales in most countries in 2017 by entering the US via its £41.8bn acquisition of Reynolds. read more
Carlsberg completes acquisition of Greek brewer Olympic

Carlsberg completes acquisition of Greek brewer Olympic

07/02/2018 - 13:42
Carlsberg has completed the full acquisition of Greece’s second-largest brewer Olympic Brewery, strengthening the brand’s position in the southern European market. read more
Gruppo Campari acquires Bisquit Cognac in €52.5 million deal

Gruppo Campari acquires Bisquit Cognac in €52.5 million deal

23/01/2018 - 16:43
Italian drinks manufacturer Gruppo Campari has announced that it signed an agreement to acquire cognac producer Bisquit Dubouché for €52.5 million. read more
Bacardi acquires Patron Spirits International

Bacardi acquires Patron Spirits International

23/01/2018 - 13:33
Bacardi is tapping into the fast-growing market for tequila by acquiring Patron Spirits International, in a deal valuing the company at $5.1 billion. read more
Colgate-Palmolive announces $100 million skin-care acquisitions

Colgate-Palmolive announces $100 million skin-care acquisitions

08/01/2018 - 08:42
Global personal-care company Colgate-Palmolive has announced the acquisition of the two skincare brands, PCA Skin and EltaMD Skin Care.  read more
Sappi buys specialty paper assets for $149m

Sappi buys specialty paper assets for $149m

05/12/2017 - 11:18
Paper and pulp group Sappi said on Tuesday it would acquire speciality paper assets from Cham Paper Group, in a $149m deal that will be settled in cash. read more
Tiger Brands eyes Africa expansion

Tiger Brands eyes Africa expansion

28/11/2017 - 10:39
Tiger Brands was looking for acquisitions outside SA and would place more emphasis on due diligence than in the past, management said on Monday. read more
TFG acquires clothing brand Hobbs

TFG acquires clothing brand Hobbs

07/11/2017 - 13:46
TFG announces the acquisition of contemporary British womenswear brand Hobbs. read more
Lewis acquires cash furniture retailer for R320m

Lewis acquires cash furniture retailer for R320m

20/10/2017 - 09:09
Lewis Stores advised shareholders on Thursday that it has acquired the entire issued ordinary share capital and all shareholders’ claims against United Furniture Outlets Proprietary Limited (UFO) for a cash amount of R320m plus any applicable interest. read more
Distell positioned for acquisitions

Distell positioned for acquisitions

26/09/2017 - 08:42
The pending collapse of the Distell control structure should help the drinks company to enjoy the sort of rating analysts and shareholders say has eluded it in recent years. read more
Steinhoff raises R15.4bn for Star ahead of listing

Steinhoff raises R15.4bn for Star ahead of listing

15/09/2017 - 14:21
Steinhoff International said on Friday it had raised at least R15.4bn for its African retail assets, which it plans to list separately on the JSE on Wednesday. read more
Steinhoff shares surge after update

Steinhoff shares surge after update

01/09/2017 - 08:54
Retail group Steinhoff’s shares had one of its best days on Thursday since transferring its primary listing to Frankfurt in December 2016. read more
Japan’s Sapporo to acquire US brewer Anchor

Japan’s Sapporo to acquire US brewer Anchor

08/08/2017 - 14:31
Anchor Brewing, a century-old San Francisco brewer that helped pioneer the craft-beer movement, will be acquired by Sapporo Holdings, part of a push by Japanese beverage companies to seek growth on US soil. read more
Distell flat on multibillion-rand acquisition news

Distell flat on multibillion-rand acquisition news

01/08/2017 - 15:36
News of a multibillion-rand acquisition staggered over two years did little to move Distell’s share price. The announcement about the first phase of a potential R8.6bn acquisition was released at the close of trade on Friday. By Monday, the share had edged up to close at R144.47, far off its 12-month high of R172.61. read more
McCormick buys Reckitt Benckiser food unit for $4.2bn

McCormick buys Reckitt Benckiser food unit for $4.2bn

19/07/2017 - 15:26
McCormick & Co agreed to acquire Reckitt Benckiser’s food business for $4.2bn, adding French’s mustard and Frank’s RedHot sauce to its lineup of spices and seasonings. read more
Africa makes winning case for Steinhoff

Africa makes winning case for Steinhoff

09/06/2017 - 12:06
Steinhoff’s African and East European assets outperformed the group’s operations elsewhere. The performance of the African assets, in particular, highlighted the case for a separate listing to unlock shareholder value. read more
Steinhoff reports increase in first-half operating profit

Steinhoff reports increase in first-half operating profit

07/06/2017 - 12:25
Global retailer Steinhoff reported on Wednesday that interim operating profit to end-March rose 13% to €903m. read more
TFG to buy Australian menswear group

TFG to buy Australian menswear group

25/05/2017 - 10:27
Holding company of fashion chain Foschini is acquiring Retail Apparel Group for up to R3bn. read more
Twinsaver buys Sylko, adding to its recent spate of acquisitions

Twinsaver buys Sylko, adding to its recent spate of acquisitions

04/05/2017 - 11:18
The Twinsaver Group, a maker and distributor of branded tissue products, has bought Sylko, which makes disposable and recyclable household foils, paper and plastic tableware, food wraps and baking accessories, for an undisclosed sum. read more
Foreign acquisitions a factor in Steinhoff’s share price declines

Foreign acquisitions a factor in Steinhoff’s share price declines

16/02/2017 - 09:37
Steinhoff’s corporate activity unnerves European and local investors, and Christo Wiese’s proposed deal makes matters ‘more complicated’ read more
Tesco buys wholesaler Booker for $4.7bn

Tesco buys wholesaler Booker for $4.7bn

30/01/2017 - 12:07
UK’s biggest supermarket has announced a landmark £3.7 billion deal to acquire the Booker group. ($4.7 billion, 4.4 billion euros) read more
Steinhoff clams up on tie-up

Steinhoff clams up on tie-up

08/12/2016 - 14:59
Steinhoff CEO Markus Jooste shot down speculation that the company could be looking for acquisitions in South America but danced around the question concerning a long-rumoured tie-up with Shoprite. read more
Dr Pepper Snapple buys Bai Brands for $1.7 billion

Dr Pepper Snapple buys Bai Brands for $1.7 billion

24/11/2016 - 09:35
Dr Pepper Snapple Group agreed to acquire Bai Brands for $1.7 billion, snapping up a maker of fruit-flavoured, antioxidant-infused beverages in a bid to attract health-focused consumers. read more
Mondi seeking deals to capture growth in consumer packaging

Mondi seeking deals to capture growth in consumer packaging

22/11/2016 - 10:11
Mondi Ltd. is seeking to acquire more companies making the type of flexible packaging used for items like pet food pouches, as the South African manufacturer taps growing demand from the consumer-goods industry. read more
Pioneer Foods aqcuires a strategic stake in Weetabix East Africa

Pioneer Foods aqcuires a strategic stake in Weetabix East Africa

16/11/2016 - 16:08
Pioneer Foods Group Limited announced today that it would acquire a 49.8% stake in major FMCG manufacturer Weetabix East Africa Limited for an undisclosed amount. This will establish a strategic beachhead for Pioneer Foods in East Africa and the opportunity to build a significant cereal position in the region. read more
 Steinhoff buys Tekkie Town as profit jumps 20%

Steinhoff buys Tekkie Town as profit jumps 20%

07/09/2016 - 12:13
Johannesburg - Steinhoff International Holdings said it sees further opportunities for growth in its main markets as the acquisitive South African clothing and furniture retailer announced its latest purchase and reported a 20% rise in full-year profit.  read more
GSK to invest in new factories Africa

GSK to invest in new factories Africa

01/04/2014 - 08:05
London - GlaxoSmithKline plans to make new investments in additional factories and drug research in Africa, its chief executive said on Sunday, as the pharmaceuticals group broadens its bet on promising emerging markets. read more
Ascendis Health announces half year results

Ascendis Health announces half year results

05/03/2014 - 12:34
04 March 2014 - JSE Ltd listed Ascendis Health announced their maiden results for half year ended 31st of December 2013. read more
Regulator approval clears hurdles for pending merger deals, Kenya

Regulator approval clears hurdles for pending merger deals, Kenya

11/02/2014 - 10:23
The Competition Authority of Kenya has given approval for several pending and ongoing acquisitions.  read more
Imperial Logistics achieves pleasing results

Imperial Logistics achieves pleasing results

22/08/2013 - 12:24
Johannesburg, 21 August 2013 – Imperial increased its revenue in its logistics businesses to R34 billion for the financial year ending 30 June 2013, achieving 21% growth. The European and African Divisions contributed almost equally, with revenue from African countries outside South Africa contributing almost 15% to total revenue. read more
Mondi posts slight drop in full-year earnings

Mondi posts slight drop in full-year earnings

21/02/2013 - 11:08
Johannesburg - South African Paper maker Mondi [JSE:MND] said on Thursday it expects to reap the benefit of recent acquisitions after reporting a slight drop in full-year earnings on lower prices. read more
US futures rise on deals

US futures rise on deals

20/02/2013 - 10:13
New York - US stock index futures advanced on Tuesday, indicating the S&P 500 will build on its seven-week winning streak on optimism about M&A activity and before data on the housing market. read more
Tiger Brands to up stake in Nigeria

Tiger Brands to up stake in Nigeria

22/11/2012 - 08:47
Johannesburg - Consumer goods group Tiger Brands [JSE:TBS] is offering to buy out some minority shareholders in Nigeria's Dangote Flour Mills as it expands in fast-growing African markets.  read more
Tiger Brands full-year earnings up 7%

Tiger Brands full-year earnings up 7%

21/11/2012 - 08:06
Joahnnesburg - Consumer goods firm Tiger Brands [JSE:TBS] posted a 7% rise in full-year earnings on Wednesday, helped by higher prices, but said it expects a tough year ahead. read more
 Super Group readies for supply chain acquisition

Super Group readies for supply chain acquisition

27/08/2012 - 10:18
Super Group, the listed transport, logistics and automotive group, is set to finalise an acquisition by its supply chain business in the next few months. read more
Dangote surges on Tiger Brands deal

Dangote surges on Tiger Brands deal

06/07/2012 - 08:17
Shares in Dangote Flour Mills climbed to their highest level in five weeks, after South Africa's biggest consumer foods maker Tiger Brands said it had reached a deal to acquire a majority stake in the Nigerian wheat and pasta maker, helping lift the overall stock index to a month high. read more
Tiger Brands buys into Nigerian flour maker

Tiger Brands buys into Nigerian flour maker

05/07/2012 - 09:26
Tiger Brands, South Africa’s largest food producer, has reached an agreement in principle with Dangote, the West African manufacturing group, to purchase 63,35% of the Nigerian flour and pasta maker Dangote Flour Mills (DFM). read more
Uncertain times seen to slow merger activity

Uncertain times seen to slow merger activity

05/06/2012 - 08:05
Mergers and acquisitions (M&As) were unlikely to increase within the next year in SA due to international economic uncertainty over the euro-zone financial crisis, experts said last week. read more
Aspen best performing JSE top stock

Aspen best performing JSE top stock

28/05/2012 - 08:09
Aspen Pharmacare is the best performing stock among Johannesburg's blue chip companies in the last six months, rising over 36 percent to 120.40 rand. read more
Tiger Brands still looking hard at Africa

Tiger Brands still looking hard at Africa

24/11/2011 - 09:02
TIGER Brands , SA’s largest food producer, was still "looking hard" for acquisitions in Africa, CEO Peter Matlare said yesterday, even after the company spent R2,1bn on the continent last year.  read more
Tiger Brands lifts earnings

Tiger Brands lifts earnings

23/11/2011 - 08:27
Johannesburg - South African consumer goods firm Tiger Brands [JSE:TBS] posted a 13% increase in full-year earnings on Wednesday, helped by higher sales but said it anticipates a tough trading environment ahead. read more