14 July 1998
Cragnotti to take stake in Del Monte
CRAGNOTTI & Partners Capital Investment will pay Anglo American Corporation $80m for its shares in three companies that form the Del Monte group of South Africa.
Cragnotti owns Cirio, the largest fresh milk producer in Italy. The offer is dependent on regulators approving the deal.
Cragnotti would have a 30.46% stake in Del Monte Royal Holdings, if successful.
- Financial Times 14/07/98 page 26