Conagra Brands Sells 51.8% Stake in Agro Tech Foods to Funds Advised by Convergent Finance and Samara Capital

August 28, 2024

Conagra Brands has completed the sale of its 51.8% ownership stake in India-based Agro Tech Foods Limited (ATFL) to funds advised by Convergent Finance and Samara Capital. The divestiture is part of Conagra’s portfolio reshaping strategy; ATFL is a packaged-foods and edible-oils company (Sundrop/ACT II brands) headquartered in Thane, Maharashtra, India.

Buyers
Funds advised by Convergent Finance, Funds advised by Samara Capital
Targets
Agro Tech Foods Limited
Sellers
Conagra Brands (via one of its subsidiaries)
Industry
Food & Beverage
Location
Maharashtra, India
Transaction Type
Divestiture

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