Food and beverage firms are struggling to meet deforestation related key performance indicators (KPIs) set by environmental disclosure not-for-profit CDP, new data has shown.
Jacobs Holding AG has announced its intention to sell 10.02% of Barry Callebaut’s share capital by way of a private placement to Ontario Teachers’ Pension Plan (2.85%) and the launch of an accelerated bookbuilding process for a stake of another 7.17%.
World’s largest cocoa manufacturer says transaction further improves the Group’s debt and liquidity structure by extending the average maturity and diversifying its sources of financing at attractive interest rates.
Swiss cocoa giant said it expects sales momentum to pick up in second half of its fiscal year, after reporting revenue increases ahead of its Investor Day
European equity firm sells remaining investments in Swedish Pick & Mix firm Candyking, the movement comes after a supplier fire forced the confectioner to remove a public offering of shares from the market.
Thorntons aims to pump £10M each year for the next three years into expanding capacity in its biggest capital investment in 25 years, it confirmed in a conference call.
Swedish pick & Mix confectioner Candyking has issued a bond to secure investment for growth, but its CEO has decided to leave the firm after it failed to become a public company.
A division of the World Bank has acquired a stake in cocoa trader Armajaro Trading to support sustainable farming practices and improve traceability within its supply chains.
A $3.1m loan from the Canadian government will allow Barry Callebaut Canada to meet increased demand through a more flexible production line and also allow it to innovate further, said the industrial chocolate supplier.
Gostomel Glass Factory, Ukraine's largest glass-bottle producer, is
borrowing €13.3 million from the EBRD to build a new facility that
will enable it to produce 600,000 beer bottles a day.
Europe's largest sugar producer, Südzucker, has closed a five-year
convertible bond of €250 million, the proceeds from which will be
used to lift its stake in two subsidiaries.
