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.
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.
A new merger in the US private label confectionery sector will result in the formation of a packaging and distribution business with annual revenues of over $200m, claims the two companies involved in the deal.
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.