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Bonduelle of France reportedly interested in Green Giant business of General Mills

2015-07-21 17:34:29| Food - Topix.net

French food group Bonduelle SCA is in discussions to team up with Centerview Partners in a bid to acquire General Mills Inc.'s Green Giant frozen and canned vegetable business, according to people familiar with the matter. Bonduelle shares rose 3 percent in Paris on Tuesday, as analysts said a deal, if it went through, would reinforce the French group's footprint in North America, a region where it generates 23 percent of its 1.9 billion euros in annual sales.

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Exclusive: Bonduelle prepares bid for Green Giant - sources

2015-07-21 02:54:06| Agriculture - Topix.net

Joining with the private equity arm of investment bank Centerview would give Bonduelle, which has a market capitalization of 796 million euros , more capital and additional expertise in its pursuit of Green Giant. The potential consortium of Bonduelle and Centerview would compete against other bidders for the asset, and there is no certainty that Bonduelle's offer would prevail, the people said on Monday.

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Green Giant squashes General Mills profits

2015-07-01 19:54:59| Food - Topix.net

General Mills Inc. reported weaker-than-expected sales for the fourth quarter of fiscal 2015 and said profits were cut in half as it took a big asset-impairment charge related to its Green Giant vegetable business. The Golden Valley-based company reported earnings of $186.8 million , or 30 cents per share, for the quarter, down from $404.6 million, or 65 cents per share, in the same period a year ago.

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Green Giant squashes General Mills profits

2015-07-01 15:18:37| Agriculture - Topix.net

General Mills Inc. reported weaker-than-expected sales for the fourth quarter of fiscal 2015 and said profits were cut in half as it took a big asset-impairment charge related to its Green Giant vegetable business. The Golden Valley-based company reported earnings of $186.8 million , or 30 cents per share, for the quarter, down from $404.6 million, or 65 cents per share, in the same period a year ago.

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Record rains turned Australia into a giant green global carbon sink

2014-05-21 22:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Record-breaking rains triggered so much new growth across Australia that the continent turned into a giant green carbon sink to rival tropical rainforests including the Amazon, our new research shows. Published in the international journal Nature, our study found that vegetation worldwide soaked up 4.1bn tonnes of carbon in 2011 the equivalent of more than 40% of emissions from burning fossil fuels that year. Unexpectedly, the largest carbon uptake occurred in the semi-arid landscapes of...

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