Synergy in F&N’s acquisition of Cocoaland

Greater scope: Fraser & Neave Holdings are aiming to enhance their portfolio and expand their line of products with the proposed acquisition of Cocoaland.

PETALING JAYA: Fraser & Neave Holdings Bhd’s (F&N) proposed acquisition of the entire equity interest in Cocoaland Holdings Bhd is expected to be synergistic, according to several research firms.

MIDF Research believes the privatisation of Cocoaland will enable F&N to expand its business into other packaged food segments.