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Britannia buys partner in New Zealand
Mumbai, April 28 Biscuit major Britannia has bought out its partner Fonterra's 49 percent stake in their joint venture in New Zealand, Britannia New Zealand Foods, the company said in a regulatory statement on Tuesday. Britannia had set up a dairy business with Fonterra Cooperative Group, one of New Zealand's largest dairy companies, in 2002.
With the acquisition, the Indian firm gains complete control of Britannia New Zealand Foods.
The size of the deal was, however, not disclosed. |
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Minister for Overseas Indian Affairs |
Vayalar Ravi, who assumed office as Minister for Overseas Indian Affairs on January 30, 2006, was born in 1937 in Vayalar village of... ---------------------------
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