Two Brazilian dairy producers, Betania and Embare, are in talks for a potential merger that would create the country's second largest dairy producer, Brazilian newspaper Valor Economico reported on Tuesday.
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Source: Stock Market

Two Brazilian dairy producers, Betania and Embare, are in talks for a potential merger that would create the country’s second largest dairy producer, Brazilian newspaper Valor Economico reported on Tuesday.

U.S. private equity fund Arlon Group, which invests Continental Grain’s capital in companies in Latin America, is negotiating the merge, the paper said, citing sources. Arlon has a 20% stake in Betania since 2017.

Arlon, Betania and Embare did not immediately respond to a Reuters request for comment.

The Tamil Nadu Cooperative Milk Producers’ Federation Ltd has fixed a procurement target of 6.93 lakh litres of milk per day to the Tiruchi District Cooperative Milk Producers’ Union, popularly known as Tiruchi Aavin.

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