Deals this week: Shanghai Kaichuang Marine International, Barentz International, Godiva
Shanghai Kaichuang Marine International has announced the receipt of approval to raise CNY686.3m ($104.61m) through a private placement of more than 38 million new shares each priced at CNY17.9 ($2.72).
Shanghai Kaichuang Marine is a China-based provider of fish products.
The company has engaged Guotai Junan Securities as its financial adviser for the transaction.
Netherlands-based food ingredients company Barentz International has acquired Leipurin’s meat unit in Finland.
Barentz intends to enhance its ingredient portfolio in the meat industry, as well as increase its market share in the Nordic region, through the acquisition.
The acquisition is also expected to allow Leipurin’s Finnish customer base to access customised innovative food solutions designed by creative technologists at Maustepalvelu’s concept and application centre.
Global chocolate products manufacturer Godiva has entered a partnership with Sainsbury to launch its new Masterpieces chocolate collection, featuring Godiva’s three signature chocolates, across 500 stores in the UK.
The launch is a part of Godiva’s strategy of becoming a $2bn brand over the next five years, apart from strengthening its business in the premium global chocolate market.
The chocolate collection will include Dark Chocolate Ganache Heart, Milk Chocolate Caramel Lion, and the Milk Chocolate Hazelnut Oyster. The agreement also includes Godiva’s wide range of Tablets and Gifting boxes, crafted with premium Belgian chocolate.
A part of the global biscuit and confectionery company Pladis Group, Godiva operates in 130 countries across Europe, the Middle East, Africa, Asia and the Americas.