Barry Callebaut AG, the largest maker of bulk chocolate, agreed to buy Singapore-based Petra Foods Ltd.’s cocoa-ingredients unit for $950 million to expand processing capacity and boost sales in Asia.
“Strong” cocoa deliveries in top growers Ghana and Ivory Coast are reducing global shortage forecasts for the season, according to Barry Callebaut AG, the world’s biggest bean processor and top maker of bulk chocolate.
Barry Callebaut AG , the world’s largest maker of bulk chocolate, said first-half profit rose, helped by sales in emerging markets such as China and India.
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Swiss stocks climbed for a second day as claims for U.S. jobless benefits declined more than forecast last week.