for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
Danone Sells Griffins Biscuit Business
NEW YORK - Mar 31/06 - SNS -- Danone Asia Pte Ltd, a subsidiary of Groupe DANONE S.A., will sell Griffins Foods Limited to Pacific Equity Partners Pty Ltd for NZ$ 385 million (EUR 194 million).
With total sales of NZ$ 176 million (EUR 89 million) in 2005, Griffins is New Zealand's leading biscuit company.
The completion of the transaction is subject to the fulfillment of certain conditions including regulatory approvals.
The sale of Griffins is consistent with Groupe DANONE's strategic allocation of capital to targeted higher growth biscuit markets in the Asia Pacific region such as China, India and Indonesia.
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2008 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |