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Marico divests Sweekar to Cargill India
Marico announced the divestment of its refined sunflower oil brand Sweekar to Cargill
India for `60cr (~0.6x to sales) as part of its decision to divest its non-core brands and
focus on premium brands focusing on wellness and beauty platform (Saffola and Kaya).
Sweekar is a strategic fit to Cargill’s portfolio, which has other brands such as Gemini and
Nature Fresh, catapulting the company into becoming the second largest player in India’s
sunflower oil market. With this deal, Cargill will have access to a ~50% market share of
sunflower oil in Maharashtra. The stock is currently under review.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Marico divests Sweekar to Cargill India
Marico announced the divestment of its refined sunflower oil brand Sweekar to Cargill
India for `60cr (~0.6x to sales) as part of its decision to divest its non-core brands and
focus on premium brands focusing on wellness and beauty platform (Saffola and Kaya).
Sweekar is a strategic fit to Cargill’s portfolio, which has other brands such as Gemini and
Nature Fresh, catapulting the company into becoming the second largest player in India’s
sunflower oil market. With this deal, Cargill will have access to a ~50% market share of
sunflower oil in Maharashtra. The stock is currently under review.
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