Pajson Agro India to buy Dubai-based Pacific Global FZCO
In short
Pajson Agro India Ltd will buy Dubai-based Pacific Global FZCO for ₹354.52 crore. The target runs a cashew processing platform in Côte d’Ivoire with capacity for 60,000 tonnes of raw cashew nuts a year.
The deal gives the company a larger processing base linked to an overseas asset.
What the reporting says
Pajson Agro India Ltd will acquire Dubai-based Pacific Global FZCO, which operates a cashew processing platform with an installed capacity of 60,000 tonnes of raw cashew nuts a year in Côte d’Ivoire. The total consideration for the deal is ₹354.52 crore, according to a BusinessLine summary. The transaction expands the Indian firm’s exposure to cashew processing assets.
Why it matters
Pajson Agro India Ltd is set to acquire Dubai-based Pacific Global FZCO for ₹354.52 crore. The target has a cashew processing platform in Côte d’Ivoire with an installed capacity of 60,000 tonnes of raw cashew nuts per annum. The acquisition is significant for the company’s food and agro-processing footprint and could strengthen its access to processing capacity.