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Duet Private Equity Limited (DPEL), a principal investor in emerging and frontier markets, has invested over USD50 million in a majority stake in Nigeria’s non-alcoholic beverage manufacturer, Ajeast Nigeria Ltd, a subsidiary of the Peruvian-founded AJE Group.
For the three-month period ended in June 30, Thai Union Group sales decreased by 2% compared with the same period last year, to THB34.1 billion (USD1.0 billion). Sales in the US are in decline against the backdrop of a growing market in Asia and the Middle East.
Focus Brands Inc has agreed to acquire Jamba Inc for approximately USD200 million.
Dole must sell off its bagged salad business in Sweden before Ireland’s Total Produce will get the green light to acquire joint control of the company under the EU’s merger regulation, the European Commission has said. However, there are no concerns about its fresh fruit and vegetables offering.
Limoneira, a diversified citrus packing, sales and marketing company, has agreed to buy a packinghouse and related assets of Oxnard Lemon Associates in Oxnard, California, for an undisclosed sum.
Refresco has sold one of Cott Beverages’ factories, as part of the deal struck with the UK’s Competition and Markets Authority (CMA) when it bought Cott.
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