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Search resuls for: "Malteries"


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July 3 (Reuters) - Australian malt producer United Malt Group Ltd (UMG.AX) said on Monday it had agreed to a A$1.5 billion ($999 million) takeover offer from Malteries Soufflet, a branch of French agribusiness InVivo. The A$5 per share offer represents a 45.3% premium to United Malt's closing price of A$3.44 on March 24, before the offer was first disclosed. United Malt is the world's fourth-largest commercial maltster, producing bulk malt for brewers, craft brewers, distillers and food companies. The deal requires approval from Australia's Foreign Investment Review Board (FIRB) as well as United Malt's shareholders to vote in support the transaction, among other regulatory requirements. United Malt's board has unanimously recommended that its shareholders vote in favor of the proposal.
Persons: Malteries, Thierry Blandinieres, Graham Bradley, InVivo, Harish Sridharan, Lisa Shumaker, Nick Zieminski, Jamie Freed Organizations: United Malt Group, Reuters, distillers, Foreign Investment, Board, United, United Malt, Thomson Locations: Australia, Canada, United States, Britain, Europe, Latin America, Asia, Africa, Bengaluru
The A$5 per-share non-binding offer represents a 45.3% premium to the United Malt stock's last close of A$3.44. Shares in United Malt soared to A$4.64 in their biggest intraday percentage jump ever when they returned to trading. Trading in United Malt shares was halted on Monday. United Malt is the world's fourth largest commercial maltster, producing bulk malt for brewers, craft brewers, distillers and food companies. United Malt has appointed Macquarie Capital as its financial adviser for the deal.
PARIS, Jan 2 (Reuters) - Malteries Soufflet, a branch of French agribusiness group InVivo, said on Monday it had signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world. Castle Malting, called "La Malterie du Château" in French, is located near the castle of Beloeil in southern Belgium. Established in 1868, it is the oldest malting plant in the country and one of the oldest in the world. Belgium is famous for its beers offering a large variety of flavours, colours and alcohol strengths. Castle Malting would give Malteries Soufflet the opportunity to develop its activity in the higher value-added craft beer market where it is not very present, InVivo said.
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