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LACTALIS GROUP
Tainted baby milk hits billionaire clan's powerful dairy empireThe Besnier family's dairy giant, Lactalis, is again in the spotlight. A baby formula recall, similar to one eight years ago, has forced th...- More baby formula recalls likely after EU caution on toxin limitEurope's food safety watchdog has proposed a near-zero tolerance for a dangerous toxin in baby formula. This strict guidance could trigger ...
- Britannia will move to a culture sans hierarchy: New MDBritannia Industries welcomes Rakshit Hargave as its new Managing Director and Chief Executive Officer. Hargave aims to foster an open, hie...
- Lactalis Group-owned Anik Dairy names new CEOBasu was previously with Mother Dairy, prior to his role at Prataap Snacks. At Prataap, Basu steered the company to its public listing, and...
- Milk Mantra appoints Sandipan Ghosh as COOSandipan Ghosh takes over from Bibhu Nanda who, having completed his contractual year with Milk Mantra, has moved on for his next assignmen...
- Sebi pulls up Prabhat Dairy for non-cooperation with auditor; asks it to deposit Rs 1,292 crSebi had appointed Grant Thornton Bharat LLP as the forensic auditor in July to ascertain facts and circumstances in relation to financials...
- Lactalis to buy Prabhat Dairy business for Rs 1,700 croreLactalis’ local arm, Tirumala Milk Products, will acquire Prabhat’s dairy business as well as its step-down subsidiary Sunfresh Agro Indust...
- Private dairies under margin pressure on increased investments, costsUmang Dairies’ net profit slipped to Rs 2.84 lakh in the quarter ended September from Rs 11.72 lakh in the previous quarter.
- Lactalis eyeing more buyouts in Indian dairy sector to consolidate presenceLast month, the world’s largest dairy group agreed to acquire the dairy business of Indore-based Anik Industries for Rs 470 crore.
- Lactalis eyes more buyouts in Indian dairyWhen contacted, Lactalis India CEO Rahul Kumar admitted their plans to further consolidate the presence in the Indian dairy space through a...
- Godrej Agrovet acquires majority stake in Creamline Dairy for Rs 550 croreGodrej Group firm has bought a 25% stake in Creamline at an enterprise value of about Rs 550 crore, taking its total holding in the dairy f...
- Godrej Agrovet acquires Creamline Dairy's 25 per cent stake for Rs 150 croreThe Godrej Group firm has bought a 25% stake in Creamline at an enterprise value of about Rs 550 crore, taking its total holding in the fir...
- Eight best acquisitions from last yearUday Kotak had to bring down his equity stake in the bank to 30% by January 2016 and 10% by January 2018 to comply with RBI directions.
- Sequoia Capital to pick up stake in Tamil Nadu company Milky Mist DairyMilky Mist is a producer of value-added milk products with a portfolio that includes curd, fresh cream, cheese and paneer.
- YS Jagan Mohan Reddy gives tickets to co-accused, bizmenThe list for 175 Assembly and 25 Lok Sabha constituencies in Andhra Pradesh released on Monday also contains names of relatives of the part...
- Carlyle Group to sell 80% stake in Cyberoam Technologies to Sophos Group for Rs 500 croreThe Carlyle Group will sell its 80% stake in unlisted network security solutions provider Cyberoam Technologies to Sophos Group for Rs 500 ...
- Motilal Oswal to sell its 15% stake in Parag Milk for Rs 200 crore post Tirumala dealPost the sale of Hyderabad-based Tirumala Milk to global dairy major Groupe Lactalis for Rs 1,750 crore, Indian dairy companies are eyeing ...
- Le Groupe Lactalis of France to purchase Tirumala Milk Products for $275 mnThe deal gives an entry for the French co in the world largest diary mkt which produces 123 mt of milk now and slated to grow to 190 mt by ...
- Lactalis Group to acquire majority stake in Tirumala Milk ProductsThe French company could pay up to $300 million, valuing south India's second-largest maker of dairy products at over 1,895 crore.
- Lactalis and Friesland Campina in race for buying stake in India's Sterling AgroThe Delhi-headquartered Sterling may attract a valuation of around Rs 1,000-1,200 crore, 10 to 12 times its current EBIDTA.
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