Conglomerate MK Group has agreed to purchase Serbian edible oils manufacturer Dijamant from Croatia’s Fortenova Group. The deal was announced in individual statements yesterday (27 January) from MK Group and Fortenova, which said the disposal of Dijamant "marks our exit from the agricultural industry and the edible oil industry". Financial terms were not disclosed, while the transaction remains subject to regulatory competition approvals. According to Fortenova's website, Dijamant is the “leader” in th ...

India food and drinks business iD Fresh Food has attracted investment from funds advised by Apax Partners. The paneer and paratha supplier said the investment will allow it to “accelerate growth”. Based in Bengaluru, iD Fresh Food markets refrigerated, ready-to-cook, Indian food products. It also sells a range of coffee lines. The company, set up in 2005, says it distributes to more than 50 cities across India and the Gulf states. The Apax funds have struck a deal to acquire “a significant minority st ...