The Kolkata-based biscuit producer has received the regulatory nod from the Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO).
Burns Philp's plan to raise A$2.1 billion (€1.3 billion) from a
share offering in its Goodman Fielder business underlines the
group's ambitions to dominate the Australasian ingredients market.
Bemis, the US-based packaging provider, has announced the
completion of the previously announced transaction to sell its
Pressure Sensitive Materials Business segment to UPM-Kymmene will
be delayed until the first half of 2003.
