Goldman, Mitsui lead $50 mln investment in India-Japan F&B venture

HONG KONG Wed Feb 19, 2014 2:46am EST

HONG KONG Feb 19 (Reuters) - Goldman Sachs and a unit of Mitsui & Co Ltd have led a 3,150 million rupee ($50.6 million) investment consumer goods firm Global Beverages & Foods Pvt Ltd, the investment banks said in a joint statement on Wednesday.

A. Mahendran, a former managing director for Godrej Consumer Products Ltd, will be chairman and managing director of Global Beverages & Foods and will also invest in the company, the statement said.

Global Beverages & Foods plans to build a portfolio of consumer brands to cash in on increased consumer spending in India.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.