Fonterra and Nestlé sold the JV for BRL 700 million, which is approximately NZD 240 million at current exchange rates New Zealand-based Fonterra Co-operative Group Ltd confirmed that the sale of Fonterra and Nestlé’s Dairy Partners Americas (DPA) Brazil joint venture (JV) to French dairy company Lactalis is complete. Miles[Read More…]
Tag: Brazil
FAO Food Price Index dips by 0.5% in October
International quotations for rice, wheat, palm oil and pig meat decline The benchmark for world food commodity prices declined moderately in October, down by 0.5 per cent from September with the index for dairy products the only one to rise, the Food and Agriculture Organisation of the United Nations (FAO) reported.[Read More…]
Nestlé to acquire a majority stake in premium chocolate company in Brazil
This acquisition further broadens and strengthens our confectionery presence in Brazil, enabling enter the high-end segment Nestlé has announced an agreement with Advent International to acquire a majority stake in Grupo CRM, a premium chocolate player in Brazil. Grupo CRM operates a successful direct-to-consumer model, with more than 1,000 chocolate[Read More…]
