Cadbury buyout gives Kraft Foods access to India
As the world’s second biggest processed foods company, Illinois-based Kraft Foods Inc’s $18.9 billion takeover of
British confectionery maker Cadbury is finalised after a protracted boardroom battle, Kraft Foods’ finally gets a clean sweep of the only big emerging market it did not yet have a presence in, India.
In one shot, the $42 billion Kraft Foods’ ends a decade-long wait to stage an entry into India, which saw several unsuccessful attempts of either a joint venture or stake acquisition in an Indian company. Kraft was not keen on starting from scratch here, since it would mean a further delay of up to three-four years for its India operations. Source
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