Hello, dear reader!
Today’s issue is all about mergers and acquisitions, covering the whole scale – from billion-dollar deals to smaller tie-ups: AB InBev and SABMiller are approaching completion, a European bottling giant is in the making, Monsanto wants Bayer to sweeten its offer, and France's SEB is set to become a world leader in coffee machines. Read about these ongoing efforts and don't forget to share.
asia & south pacific
Beer distribution deal in China Dublin-based beer and cider producer C&C Group continues to ramp up its growth in Asia by signing a new agreement with trade company Vandergeeten for the distribution of its Tennent’s drink brands portfolio in China.
SEB acquires WMF Buyout firm KKR agreed to sell German silverware and coffee-machine maker WMF to France’s SEB in a deal valued at about EUR 1.6 billion. The deal will make the French company the world leader in professional coffee machines and Germany’s no. 1 in cookware.
Takeover progress The US$ 100 billion-plus brewer merger of AB InBev with SABMiller inched closer to completion yesterday, when the European Commission granted conditional approval +++ Shareholders in Coca Cola Enterprises have agreed to merge operations in Spain and Germany, paving the way to create a new European bottling giant.
Cycling portfolio expanded Halfords Group, a British retailer of car parts, car enhancement, camping, touring and bicycles, has expanded its cycling portfolio with the GBP 18.4 million acquisition of Swansea-based online retailer Tredz and Wheelies.
usa & canada
Monsanto challenges Bayer The US agricultural giant rejected the German conglomerate’s US$ 62 billion offer, but said it was still open to talks. Monsanto executives and investors viewed the bid as too low, but Bayer’s investors are confident and determined to address financial and regulatory issues.