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Asahi Group Holdings subsidiary to acquire dairy business from Etika International Holdings


Wednesday, 9 Apr 2014 08:00pm EDT 

Asahi Group Holdings Ltd:Says Singapore-based subsidiary Asahi Group Holdings Southeast Asia Pte. Ltd. (AGHSEA) will acquire all issued shares in 12 companies engaged in dairy business in Southeast Asia from Etika International Holdings Ltd.AGHSEA will also acquire relevant intellectual property of the 12 companies including trademarks, with transaction price totaling about $329 mln.Says transaction to be closed in late June under approval of Etika‚Äôs shareholders and consents and authorizations from relevant governmental bodies. 

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