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Private equity firm buys into African soft drinks company

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.

M&A Nigeria

Thai Union Group sales continue to drop

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.

Asia Pacific Europe

US juice bar chain bought by fast food catering company

Focus Brands Inc has agreed to acquire Jamba Inc for approximately USD200 million.

United States Commercial

Commission rules Dole must sell salad business in Sweden before merger

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.

Fresh Bananas Fresh Pineapple

Californian lemon specialist expands capabilities

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.

M&A Fresh Lemons

Swift divestment of Cott plant to satisfy CMA requirements

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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