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Friday, 27 May 2016

Swiss chocolate firm switches to junk diet for M&A

Hot chocolate

Barry Callebaut is splurging nearly $1 bln in Asia, and enduring credit downgrades to “junk”. And all that for a business that’s having a horrid year. But there are real savings and strategic logic. For bold M&A, having patient family backers and a non-euro zone base must help.

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