M&A – Page 42
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NewsOnly 10 to 15 forecourts at risk in Asda-EG Group deal, claim experts
The number of forecourts at risk in a CMA review of the Asda buyout by EG Group’s owners barely reaches double figures
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NewsCity snapshot: CMA clears brewing merger between Marston’s and Carlsberg
The UK competition regulator has cleared the £780m merger of Marston’s and Carlsberg’s UK brewing operations. Plus UK GDP growth slows to 2.1% in August and all the rest of the latest news in the City.
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
Ferrero has snapped up Fox’s Biscuits from 2 Sisters Food Group for £246m to add to its growing biscuit portfolio across the world.
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Comment & OpinionA Ferrero takeover would be good news for Fox’s – and free up 2 Sisters to focus on what matters
A takeover of Fox’s would see Ferrero become the fourth biggest player in the growing UK sweet biscuits market overnight
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NewsDanone to sell remaining €500m stake in Yakult
French food conglomerate Danone has announced plans to sell its remaining 6.6% stake in probiotic yoghurt brand Yakult to strengthen its balance sheet.
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NewsItalian food group Newlat enters £100m race for Hovis
Listed Italian food group Newlat Food has confirmed to the stock market it has made an offer to buy UK bakery brand Hovis
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NewsCrowdcube and Seedrs to merge in crowdfunding consolidation
Crowdfunding platforms Crowdcube and Seedrs have agreed a merger, creating one of the world’s largest private equity marketplaces
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NewsAround Noon expands into healthy ready meals with Simply Fit Food deal
Northern Irish food-to-go supplier Around Noon has acquired healthy ready meal maker Simply Fit Food in attempt to diversify its offering after the coronavirus pandemic hit the sandwich market.
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Profiles and QandAsWe are our own bosses now, no longer part of Walmart, says Asda CFO
Asda chief financial officer Rob McWilliam tells us everything we want to know following today’s announcement
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NewsEG Group founders and TDR Capital acquire majority stake in Asda
Current owner Walmart will keep a minority share in Asda, which will retain its current management under CEO Roger Burnley
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Analysis & FeaturesWhy does EG Group want to buy Asda and what will it do with it?
The deal with TDR Capital and the Issa brothers would put raw entrepreneurship and ambition in the driving seat at Asda
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Comment & OpinionAsda EG Group combo will reverberate through the grocery sector
With combined sales of £40bn, it will be the UK’s second-biggest retailer (by sales)
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NewsCity snapshot: Britvic sells three French bottling facilities to Refresco
Britvic has confirmed this morning it has completed the sale of its juice assets in France to European bottling giant Refresco.
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NewsEG Group owners take lead in £6.5bn race to buy Asda
The billionaire owners of forecourt operator EG Group have been tipped to be in pole position in the race to buy Asda
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NewsCity snapshot: LDC prepares Addo Food Group for £200m-plus sale
LDC is prepping chilled savoury pastries supplier Addo Food Group for a sale after more than three years of ownership, The Grocer has learned.
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NewsAddo Food Group’s PE owners ready £200m-plus sale
Addo could command a price tag of £200m-plus after strong growth under LDC’s ownership
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NewsAlbert Bartlett completes Kiddyum brand rescue deal
Albert Bartlett said it would continue to work with Kiddyum’s current listings, which include Sainsbury’s, Ocado, Co-op and Nisa,
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NewsPharmacare acquires kids’ vitamin brand Haliborange from P&G
Pharmacare plans to give Haliborange an extensive rebrand and relaunch
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NewsHalo Foods bought by US PE firm Peak Rock Capital
The Welsh cereal bar manufacturer has been bought by the US private equity investor after a successful turnaround since being sold by Finnish food group Raisio
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NewsCity Snapshot: Waitrose and Nestlé eye deal for Mindful Chef
Waitrose and Nestlé are reported to be amongst the suitors vying to buy farm-to-fork recipe box brand Mindful Chef