More than 25 countries were involved, with the US most active by far, followed by France, the UK, China and Singapore.
Two deals were worth more than $1bn: an Asian sugar acquisition and the European tie-up between Birds Eye and Findus. Kirin’s stake in Fraser & Neave came close at $970m.
Richard Hall is chairman of Zenith International. You can also read his blog at BevBlog.
© FoodBev Media Ltd 2019