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.
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.
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...
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.
The European Commission has proposed forcing companies to disclose
all financing done off the books as part of a four-point initiative
to prevent accounting scandals such as the recent bankruptcy of
Italian dairy group Parmalat has announced its gross operating
profit for the first four months of the year has steadied, as a
government-appointed administrator prepares to meet creditors next
week in an attempt to ward off liquidation.
Things just keep going from bad to worse for Parmalat. Just a week
after it escaped defaulting on a bond repayment by the skin of its
teeth, and with barely enough time for new chairman and turnaround
expert Enrico Bondi to warm his...
The finances of Parmalat, the Italian dairy group, hit the
headlines again last week with the announcement that it planned to
liquidate its €496.5 million investment in the Cayman Islands-based
Epicurum fund - an investment which...