Mumbai / IN. (wib) India´s coffee retailers are drawing up plans to expand overseas. While Cafe Coffee Day is targeting Europe to extend its reach, Barista Coffee Company is exploring opportunities in Africa and Southeast Asia.
Northfield / IL. (kf) Kraft Foods Inc. announced that it has made a binding offer to acquire the global biscuit business of Groupe Danone for 5,3 billion Euro (7,2 billion USD) in cash. As required by French law, Danone must consult with its Works Council prior to entering into a definitive agreement.
Athens / GR. (wib) Greek leading food group Vivartia S.A. said to «Thomson Financial», that it will form a joint company in Saudi Arabia for expansion into the production and distribution of bakery products in Middle East markets.
Helsinki / FI. (fg) Fazer initiates strategic co-operation with the Tver bakery OAO Volzhky pekar by purchasing the majority of the bakery´s share capital. Volzhky is the leading producer of fresh bread and coffee bread in the Tver region.
Amsterdam / NL. (csm) Dutch food group CSM NV has reached agreement on the acquisition of Titterington´s, based in Woburn, Massachusetts (near Boston) for 23 million USD. The acquisition is effective per June 11 this year.