There continues to be a pipeline of opportunities across the Group. Following approval from the EU Competition Commission, we completed the acquisition of Fazer Food Services on 31 January 2020 for an initial cash consideration of approximately €420 million. Growth With Eyes Wide Open. Growth through acquisition can be extraordinary when done with awareness and humility. It can expand reach, strengthen brand, and unlock value. But it can also drain resources, test leadership, and exposehidden fragility. Ownership of Emdad changed significantly in 2025 after NMDC Group, through its subsidiary NMDC LTS, acquired a 70% equity stake in the company. The acquisition positioned EMDAD as part of NMDC Group’s expanding oilfield services business. BHP incoming CEO Brandon Craig said the mining company is considering bolt-on acquisitions as part of its long-term expansion strategy, signaling a continued focus on disciplined growth across its global operations. Visualize global trade data and economic growthopportunities for every country... Since its enactment in 2000, the African Growth and Opportunity Act (AGOA) has been at the core of U.S. economic policy and commercial engagement with Africa. AGOA provides eligible sub-Saharan African countries with duty-free access to the U.S. market for over 1,800 products... The exposure presents clear investment opportunities: steady growth with dividend stability in a high-dividend oligopoly, but risks include regulatory changes and long development cycles typical to pharma.
