Costa has reached an agreement with Chinese company Jiangsu Yueda Group to acquire a 49% stake in Yueda Costa (Shanghai) Food & Beverage Management Company.

The purchase consideration for the acquisition will be CNY310m ($46.78m).

Also based in China, Yueda Costa (Shanghai) Food & Beverage Management Company operates 52 stores in south-China.

Euromed has completed the acquisition of Spanish ingredients manufacturer Probelte Biotecnologia.

Probelte Biotecnologia provides ingredients for natural dietary supplements.

"The National Agricultural Development Company (NADEC) intends to acquire Al Safi-Danone (ASD) through a share swap deal."

Based in the UK, Euromed is a portfolio company of US-based private equity firm The Riverside Company.

Euromed provides standardised herbal extracts and natural active substances for the pharmaceutical, dietary supplement, and cosmetic industries.

The National Agricultural Development Company (NADEC) intends to acquire Al Safi-Danone (ASD) through a share swap deal within six months.

A non-binding memorandum of understanding (MoU) has also been signed, and ASD shareholders will own 38.75% of NADEC shares as a result of the transaction.

NADEC is a Saudi Arabian agricultural and food-processing share stock company.

Also based in Saudi Arabia, ASD produces dairy products including milk, juice milk drink, desserts, yoghurt, fresh cream, labnah, and laban.