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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