India's Britannia Industries invests in Kenyan biscuit companies
India’s Britannia Industries has invested in Kenafric Biscuits in Kenya and acquired full control of what was once Britania Foods.
Source: just-food.com
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Britannia acquires controlling stake in Kenya's Kenafric Biscuits
Britannia Industries on Monday said it has acquired a controlling stake in Kenyas Kenafric Biscuits Ltd while also fully taking over Catalyst Britania Brands Ltd.The companys wholly-owned arm Britannia and Associates Dubai Pvt Co Ltd BADCO has acquired control of Kenafric Biscuits Ltd KBL, a private limited liability firm incorporated in Nairobi, Kenya, by subscribing to 51 per cent of the equity share capital of the company, Britannia Industries said in a regulatory filing.The cost of acquisition was Kenyan Shillings KES 13.87 crore Rs 9.2 crore, it added.Subsequently, KBL has become a step d...
Source: devdiscourse.com
Britania biscuits maker cited in Sh1.2bn forgery claim
Biscuit maker Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for Sh1.2 billion, inflating the buyout price nearly...
Source: businessdailyafrica.com