date:Apr 09, 2013
The Swiss company, which makes chocolate and chocolate products for big food companies such as Nestle, spent $950 million in December on the cocoa liquor, butter and powder business of Singapore group Petra to step up expansion into high-growth emerging markets.
The acquisition will be financed by a $300 million capital increase and $600 million bond, which already cost Barry Callebaut its investment grade credit rating.
Chief Executive Juergen Steinemann said initial expenses related to the a