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Singapore agribusiness giant Wilmar International has booked an increase in first-quarter earnings and offered a confident outlook for the remainder of the year. In the three-month period, net profit increased 23% to US$315.4m, the company reported today (8 May). The improvement was l...
ThaiBev-controlled TCC Assets has said its SGD9.55-per-share bid for Fraser & Neave (F&N) is its "final" offer for the group. TCC upped its bid for the conglomerate last week in a move to see off rival Overseas Union Enterprise (OUE). And yesterday (21 January), OUE said said it was w...
The battle for Fraser & Neave appears to be over after Overseas Union Enterprise (OUE) said it will not increase its bid to match its rival, TCC Assets. In a statement today (21 January), the property group said it has decided "not to revise the offer price", after ThaiBev-controlled ...
Fraser and Neave's board of directors has branded Overseas Union Enterprise's (OUE) S$13.1bn (US$10.7bn) offer for the group as "not compelling, but fair". The Singapore conglomerate released a 116-page circular to shareholders today (19 December), outlining its opinion on the offer. ...
Barry Callebaut said today (12 December) it had become the world's largest cocoa processor after agreeing to buy Petra Foods ' cocoa ingredients business for US$950m. The Switzerland-based group, which supplies cocoa and chocolate products to some of the world's largest chocolate bran...
Olam’s Executive Director of Finance and Business Development, A Shekhar explained the results: “Olam continues to deliver overall earnings growth amidst a still sluggish recovery in market conditions especially within the Industrial Raw Materials segment. This has been a result of ou...
Singapore conglomerate Fraser and Neave has booked a drop in annual profits from its dairy business after production was hit by the floods in Thailand late last year. F&N, which is the subject of a takeover battle, reported its results for the year to 30 September and said earnings fr...
Japanese food and drink firm Kirin Holdings has said it will sell its 15% stake in Fraser and Neave to investment vehicle TCC Assets for around S$2bn (US$1.6bn). Kirin confirmed today (1 February) it will offload its shares to TCC before the offer deadline of 18 February. TCC, which i...
