Finance

A dairy farm in Kazakhstan has received $10.4m in funding to grow its herd and increase its capacity. Pic: ©iStock/PeterHermes/Furian

News in brief

Kazakhstan-Hungarian fund invests in Kazakhstan dairy

By Jim Cornall

The Kazakhstan-Hungarian private equity fund (CCL Kazakhstan ‘Silk Road’ Agriculture Growth Fund) has financed a dairy-commodity farm in the Akmola region of Kazakhstan – Aina dairy farm LLP – for $10.4m, by purchasing a majority stake.

The Indian government is creating a Dairy Processing and Infrastructure Development Fund, which will provide $1.2bn to the industry over a three-year period. Pic: ©iStock/RakeshPicholiya

India launches $1.2bn dairy fund

By Jim Cornall

India’s Finance Minister Arun Jaitley presented the Union Budget in Parliament last week, and made a pledge to invest in the country’s dairy industry.

Fonterra says a deal with Bank of China New Zealand will help its Chinese operations. Pic: ©iStock/travellinglight

Bank of China and Fonterra sign deal

By Jim Cornall

Bank of China New Zealand has signed an agreement with New Zealand dairy cooperative Fonterra that establishes a RMB 1.5bn (NZ$300m, US$213m) multi-currency bank facility including a Chinese currency component.

Kraft Foods has named James Kehoe as CFO.

News in brief

Kehoe returns to Kraft as CFO

By Heidi Parsons

Kraft Foods today named James Kehoe as executive VP and chief financial officer (CFO).

Mead Johnson Nutrition: A Danone target?

Is Danone feeling the need for Mead?

By Shane STARLING

 Danone shares rose today as rumours strengthened the French dairy giant would sell its medical and paediatric nutrition business (Nutricia), but is the firm streamlining its activities around its core foods businesses or just shifting infant-medical...

Agami

Serac buys 100% Agami shares

By Jenny Eagle

French group Serac has bought 100% shares in Agami, based in Paris, to expand into the packaging manufacturing market.

Enzymotec secures new funding

Enzymotec secures new funding

Israeli phospholipids specialist, Enzymotec, has raised $11 million (€8.54m) from its three major shareholders as well as a new investor – Arancia International, a privately owned Mexican ingredients developer with expertise in biotechnology and enzymes.