Hershey Co plans to buy the remaining 49 percent in its Indian joint venture with Godrej Industries Ltd that it does not already own, giving it full control of a chocolate business in one of the world's biggest markets.
Hershey said it will buy out its partner and another minority shareholder.
Hershey will assume about $47.6 million in debt, and will own the Maha Lacto and Nutrine candy brands and the Jumpin and Sofit beverage brands, as well as the related factories.
Copyright @ Thomson Reuters 2012
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
