Investments, M&A & Funding
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Abu Qir Fertilizers to invest US$1.2b in setting up a new ammonia plant
EGYPT – The board of directors of Abu Qir Fertilizers and Chemicals Industries Company (ABUK) has given a go-ahead for the establishment of its subsidiary…
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Hillenbrand to amplify its North American presence with Schenck Process Group US$730m acquisition
USA- Indiana-based processing equipment and solution provider Hillenbrand recently announced plans to acquire Schenck Process’ Food and Performance Materials (FPM) for approximately US$730 million. The…
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Global grain traders Viterra and Bunge consider possible merger
USA – Glencore-owned global grain trader Viterra is in talks concerning a possible merger with U.S. rival Bunge Ltd- a strategic move that will potentially…
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Egypt secures US$ 66M from EU, AFD as grain storage expansion aid
EGYPT – Egypt has received 60 million euros ($66 million) from the European Union and French Development Agency to help in expanding its silo grain…
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Mars reinforces French pet food capabilities with multi-million dollar investment
FRANCE- Privately-owned confectionery giant Mars recently revealed plans to invest €130m (US$140m) in its sites in France across four business units. Romain Dumas, the CEO…