French sugar group Tereos said on Friday it has entered into negotiations to acquire Petroleo Brasileiro SA’s 45.9 percent minority stake in Brazilian-based Guarani, confirming an earlier announcement by Petrobras.
Cooperative group Tereos is the majority shareholder of Guarani, which has sugar and ethanol factories, with a 54.1 percent holding.
“This announcement follows the announcement of Petrobras’ Divestment plan in September 2016 which provides for the exit of all biofuels production activities,” Tereos said.
“The decision to start these negotiations is no assurance that an agreement will be found or that the transaction will complete,” Tereos said in a statement.
Petrobras had announced the negotiations in a stock market filing in Brazil earlier on Friday.
By Sybille de La Hamaide
Source: Reuters
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
