Resource and sparring partner for cooperatives

  1. Sorry, this needs serious updating!

  1. 28Apr11:Fruitmasters (NL; W199) reports turnover +5% at EUR 210m and net loss at EUR -1m, up from -2.3m [Dec10].

  2. 5Apr11:Coforta - The Greenery (NL; W46) reports turnover +13% at EUR 1843m and net profit -35% at EUR 4.8m [Dec10].

  3. 30Mar11:Cosun (NL; W49) divests its non-core Unifine food & baking ingredients division to Dawn Foods for an undisclosed amount.

  4. 30Mar11:Baywa (DE; W7) reports turnover +9% at EUR 7903m and net profit +12% at EUR 66.8m [Dec10].

  5. 30Mar11:Agrifirm (NL; W42) reports turnover +3% at EUR 1983m and net profit -50% at EUR 24.7m [Dec10].

  6. 25Mar11:The intended merger GLAC (FR; W115) and Eurial (FR; W104) appears to reach a dead end.

  7. 25Mar11:Emmi (CH; W39) reports turnover +4% at EUR 2153m and net profit +14% at EUR 69.1m [Dec10].

  8. 24Mar11:Terrena (FR; W20) reports turnover +11% at EUR 3871m and net profit +16% at EUR 22.7m [Dec10].

  9. 24Mar11:Rinder-Union West (DE; W295) reports turnover +4% at EUR 52m and net profit +98% at EUR .5m [Dec10].

  10. 23Mar11:Dairy Farmers of America (USA; W8) reports turnover +20% at EUR 7395m and net profit -33% at EUR 33m [Dec10].

  11. 23Mar11:Itambé (BR; W92) mulls IPO plans, following breakdown of  five-party merger talks.

  12. 21Mar11:ForFarmers (NL; W17) reports turnover +19% at EUR 4163m and net profit -16% at EUR 50.3m [Dec10].

  13. 20Mar11:Ammerland (DE; W142) reports turnover +35% at EUR 490m and net profit *10 at EUR 10.6m [Dec10].

  14. 18Mar11:Nordzucker (DE; W47) reports turnover +52% at EUR 1806m and net profit -123% at EUR -10.2m [Feb10].

  15. 16Mar11:FrieslandCampina (NL; W5) reports turnover +10% at EUR 8992m and net profit +73% at EUR 458m [Dec10].

  16. 10Mar11:Bega Cheese (AU; W107) announces plans for a stock listing ahead of Tatura merger, with a farmer vote taking place as early as 21 April.

  17. 9Mar11:Skanemejerier (SE; W163) reports turnover +11% at EUR 367m and net profit +1016% at EUR 33.4m [Dec10].

  18. 1Mar11:Land O'Lakes (USA; W6) reports turnover +7% at EUR 8410m and net profit -13% at EUR 134.4m [Dec10].

  19. 24Feb11:La Coop Fédérée (CA; W28) reports turnover +1% at EUR 2774m and net profit -32% at EUR 13.2m [Oct10].

  20. 22Feb11:Kerry Group (IR; ) reports turnover +10% at EUR 4960m and net profit +61% at EUR 324.2m [Dec10].

  21. 22Feb11:Geno (NO; W300) reports turnover +5% at EUR 36m and net profit +60% at EUR 1m [Dec10].

  22. 18Feb11:HKScan (FI; W37) reports turnover -1% at EUR 2114m and net profit -5% at EUR 30.8m [Dec10].

  23. 11Feb11:Metsäliitto (FI; W13) reports turnover +11% at EUR 5377m and net profit -163% at EUR 214m [Dec10].

  24. 11Feb11:Lantmännen (SE; W19) reports turnover +3% at EUR 3999m and net profit -1093% at EUR 80.6m [Dec10].

  25. 11Feb11:DLG (DK; W15) reports turnover +15% at EUR 5280m and net profit +45% at EUR 51.4m [Dec10].

  26. 4Feb11:Tereos (FR; W23) reports turnover +6% at EUR 3615m and net profit +96% at EUR 150.3m [Sep10].

  27. 3Feb11:Cosun (NL; W46) reports turnover +0% at EUR 1766m and net profit +158% at EUR 158m [Dec10].

  28. 19Jan11:Glanbia (IR; W40) acquires US-based Bio-Engineered Supplements and Nutrition (BSN) for EUR 107m.

  29. 14Jan11:InVivo (FR; W10) merges its feed division Evialis with Lorca and CAL into “Lorial”.

  30. 17Dec10:Arla Foods (DK; W7) in merger talks with Hansa Milch (DE; W131).

  31. 14Dec10:Het noodlijdende Allgäuland (DE; W73) wil haar zes moedercoöperaties fuseren om leden een betere propositie te bieden.

  32. 10Dec10:Listed Warrnambool Cheese & Butter (AU; W76) raises EUR 13m in a rights offering.

  33. 8Dec10:Maïsadour (FR; W95) reports turnover +0% at EUR 1006m and net profit +29% at EUR 14.6m [Jun10].

  34. 29Nov10:Conserve Italia (IT; W68) reports turnover -2% at EUR 1018m and net profit -58% at EUR 1.4m [Jun10].

  35. 29Nov10:Clover (ZA; W50) is to list on the Johannesburg stock exchange on 14Dec, raising some EUR 50m.

  36. 26Nov10:Silver Fern Farms (NZ; W74) reports turnover -10% at EUR 982m and net loss of EUR 14m, down from EUR +44 in 09 [Sep10].

  37. 26Nov10:Danish Crown (DK; W8) reports turnover +1% at EUR 6067m and net profit +56% at EUR 221.1m [Sep10].

  38. 23Nov10:Grupo AN (ES; W110) reports turnover -5% at EUR 528m and net profit +38% at EUR 5m [Jun10].

  39. 23Nov10:Avebe (NL; W95) reports turnover -18% at EUR 522m and net profit -11% at EUR 2.8m [Jul10].

  40. 22Nov10:CHS (USA; W1) appoints Carl Casale, current CFO of Monsanto, to replace retiring John Johnson as CEO as of Jan11.

  41. 19Nov10:Fruitmasters (NL; W188) CEO Verwoert leaves the organization unexpectedly and without mentioning reasons.

  42. 18Nov10:Sodiaal (FR; W8) rejects Lactalis’ offer of EUR 1.3bn for 100% of Yoplait, stating the price is too low.

  43. 17Nov10:Murray Goulburn (AU; W20) paid EUR 1.5m to keep its 10% stake in Warrnambool (AU; W76), still being interested in a merger.

  44. 16Nov10:Florida's Natural/ Citrus World (USA; W377) reports turnover +5% at EUR 330m [Aug10].

  45. 16Nov10:AWB (AU; ex coop) shareholders vote in favor of sale to Canadian Agrium for EUR 883m. 80% of 97.8% voted in favor.

  46. 12Nov10:Emmi (CH; W17) acquires yogurt brand “Onken” (EUR 75m turnover) from Dr. Oetker for an undisclosed amount.

  47. 12Nov10:CHS (USA; W1) reports turnover -2% at EUR 19917m and net profit +32% at EUR 395.3m [Aug10].

  48. 11Nov10:Warrnambool C&B (AU; W76) issues 15% new shares to Bega Cheese (AU; W49) for EUR 12m, ahead of rights issue of EUR 14m.

  49. 11Nov10:AWB (AU; ex coop preparing for sale) reports turnover -23% at EUR 3996m and reduction of net loss of 78% to EUR -39.1m [Sep10].

  50. 11Nov10:Alliance Group (NZ; W89) reports turnover -6% at EUR 759m and net profit -30% at EUR 16.1m [Sep10].

  51. 10Nov10:Silver Fern Farms (NZ; W74) merger attempt with Alliance Group (NZ; W89) called off:response to questionnaire only 517 of 12,000.

  52. 8Nov10:Murray Goulburn (AU; W20) CEO O’Rourke announces resignation following revelations of payments to his wife for her support role.

  53. 8Nov10:Dairy Farmers of America (USA; W5) acquires Castro Cheese from Palladium Equity Partners for an undisclosed amount.

  54. 1Nov10:Aurora Cooperative (USA; ) reports turnover -10% at EUR 478m and net profit +48% at EUR 20.1m [Aug10].

  55. 30Oct10:Murray Goulburn (AU; W20) paid the wife of its CEO more than EUR 0.7m for her ‘support role’ during the past two years.

  56. 29Oct10:Siclaé (FR; W51) receives an investment of EUR 50m from the  Strategic Investment Fund (FSI), which also invested in Limagrain.

  57. 25Oct10:Silver Fern Farms (NZ; W74) has published an open letter to members of Alliance Group (NZ; W89) trying to force a merger.

  58. 25Oct10:CNB (NL; W162) reports turnover -6% at EUR 280m and net loss of EUR -1.1m [May10].

  59. 22Oct10:±co-op SunRice (AU; Apr10 turnover EUR 572m) receives an unsolicited takeover bid from Spanish Ebro worth EUR 420m.

  60. 21Oct10:Farmlands Trading (NZ; W196) reports turnover +6% at EUR 320m and net profit -40% at EUR 1.6m [Jun10].

  61. 15Oct10:Lala (MX; W368) is cited as among those being interested in Yolait’s 50% not owned by Sodiaal (FR; W25).

  62. 14Oct10:Danish Crown (DK; W8) Board of Representatives voted 94% in favor of lowering the business into a shareholder company.

  63. 12Oct10:CRV’s (NL; W204) customer loyalty program wasn’t anti-competitive, the commission for appeal ruled, after a EUR 2.6m fine in 2003.

  64. 11Oct10:Farmer-owned HZPC (NL) reports turnover -9% at EUR 211m and net profit -25% at EUR 3.6m [Jun10].

  65. 7Oct10:Danish Crown (DK; W8) acquires D&S Fleisch (2008 turnover EUR 553m) in Germany for an undisclosed amount.

  66. 5Oct10:Fonterra (NZ; W5) and fertlizer cooperative IFFCO (IN; W23) are in talks to set up a JV milking 40,000 cows in India.

  67. 4Oct10:FrieslandCampina (NL; W3) is mentioned in the Italian press as interested party for Intesa’s 19.8% shareholding in Granarolo (IT; W74).

  68. 4Oct10:Converted cooperative, 85% farmer owned Clover (ZA; turnover EUR 450m) is planning an IPO on Johannesburg stock exchange.

  69. 3Oct10:Fonterra farmers buy 13.5m dry shares (6% of total no. shares on issue), becoming tradable once the new trading platform is launched.

  70. 1Oct10:FrieslandCampina (NL; W3) change dividends: cash from 25% to 30% and bonds from 20% to 25%; interest premium from 2.5% to 3%.

  71. 29Sep10:Tatua (NZ; W261) reports turnover -18% at EUR 92m and net profit -205% at EUR -3m [May10].

  72. 29Sep10:Nordmilch (DE; W39) and Humana Milchunion (DE; W22) get green light from German competition authorities, planned for Jan11.

  73. 22Sep10:FrieslandCampina (NL; W3) launches JV with Esent to produce green energy on member farms.

  74. 22Sep10:88% of the members of Tirolmilch (AT; W202) vote in favor of merger with Berglandmilch (AT; W95).

  75. 21Sep10:Diamond Foods (USA; listed ex-coop) talks to merge with the Pringles brand of Proctor & Gamble were broken off by the latter.

  76. 20Sep10:Danish Crown (DK; W8) considers an IPO as one of three options (external capital or merger) to raise some EUR 600m.

  77. 19Sep10:General Mills is rumored to be preparing a EUR 1bn+ bid on Yoplait, 50% co-owned by Sodiaal (FR; W25).

  78. 15Sep10:CBH (AU; W75) is looking into new cooperative models as it competes with Canadian invadors Viterra and Agrium.

  79. 14Sep10:Arla Foods (DK; W7) acquires a minority stake in Westbury, owned by First Milk (GB; W98) and Milk Link (GB; W103). No price info.

  80. 10Sep10:Allied Farmers (NZ; ) reports turnover -3% at EUR 61m and net loss of EUR 44.2m [Jun10].

  81. 9Sep10:HKScan (FI; W35) will acquire Danish Rose Poultry (EUR 200+ turnover) for EUR 24m plus EUR 47m debt.

  82. 8Sep10:Kerry Group (IR) is being suggested as a possible takeover candidate for Nestle.

  83. 7Sep10:InVivo (FR; W11) merges its seed business (EUR 104m turnover) with RAGT (EUR 104m) and acquires a 34.5% stake in the latter.

  84. 3Sep10:81% of 88% voting members of Newmarket Co-op (IR; W279)  voted in favor of Kerry Group’s takeover offer of EUR 33m.

  85. 2Sep10:Agravis (DE; W12) acquires the 50% stake of Baywa (DE; W6) in vet-pharma company Animedica for an undisclosed amount.

  86. 27Aug10:Listed ex-coop Warrnambool Cheese & Butter (AU) reports turnover -6% at EUR 292m and net profit at EUR 6.2m, up from -11m[Jun10].

  87. 26Aug10:Arla Foods (DK; W4) is inviting AFMP members in the UK to invest another EUR 80m in the UK business.

  88. 20Aug10:Tine (NO; W30) and Skanemejerier (SE; W158) are forming a JV for the Swedish professional services market.

  89. 20Aug10:Emmi (CH; W42) acquires Cypress Grove Chevre in California (turnover about USD 10m) for an undisclosed amount.

  90. 17Aug10:First Milk (GB; W98) reports turnover -8% at EUR 600m and net profit at EUR 0.4m, up from -7.1m [Mar10].

  91. 16Aug10:The Board of ex-coop, listed AWB (AU) supports takeover by Agrium for EUR 750m, outbidding coop-minority owned, listed GrainCorp (AU).

  92. 13Aug10:Skanemejerier (SE; W158) acquires 91% of farmer-owned Östgöta Mjölk for an undisclosed amount.

  93. 12Aug10:Kerry Group (IR) offers EUR 33m for its branded cheddar cheese supplying co-operative Newmarket Co-op Creameries.

  94. 11Aug10:The Greenery (NL; W46) invests in a vegetable juice production line to remove excess production from the market.

  95. 10Aug10:Tine (NO; W5) sells its Danish subsidiary Diplom Is to Unilever for an undisclosed amount.

  96. 10Aug10:Champagne Cereales (FR; W56), through its subsidiary Malteurope, buys Italian Diamalteria (sales EUR 17m) for an undisclosed price.

  97. 6Aug10:AMPI (USA; W65) is selling a milk powder plant in Mason City for closure.

  98. 5Aug10:Champagne Cereales (FR; W56) to acquire wine specialist Compas (EUR 94m turnover) for an undisclosed amount.

  99. 30Jul10:LIsted GrainCorp (AU; ±10% cooperatively owned) is to mergewith listed AWB (AU; privatized Board converted co-op).

  100. 30Jul10:LIC (NZ; W273) reports turnover -9% at EUR 75m and net profit -66% at EUR 4.6m [May10].

  101. 24Jul10:Fruitmasters (NL; W239), The Greenery (NL; W60), Haspengouw (BE; W464) and Zaltbommel (NL; W361) merge apple sales business.

  102. 21Jul10:Sodiaal (FR; W31) has signed final agreement about purchase of Entremont and settlement of debts.

  103. 21Jul10:PAI Partners, 50% co-owner with Sodiaal (FR; W4) of the latter’s subsidiary Yoplait, is reviewing options to sell its stake.

  104. 20Jul10:ZON Fruit & vegetables (NL; W248) and Unica (ES; )

  105. 20Jul10:Allgäuland (DE; W174) reports turnover -29% at EUR 288m and net loss of EUR -23.9m [Dec09]. Search for a buyer has commenced.

  106. 13Jul10:Baywa (DE; W6) acquires a 94.5% stake in Schradenbiogas for EUR 6m.

  107. 8Jul10:Listing of Tereos (FR; W26) Internacional is deferred to 29 July.

  108. 7Jul10:FrieslandCampina (NL; W3) starts cooperation with Lacto-Misr for production of creamers in Egypt.

  109. 2Jul10:Uelzena Milchwerke (DE; W531) reports turnover -14% at EUR 306m [Dec09].

  110. 2Jul10:Hochwald (DE; W75) reports turnover -15% at EUR 1058m  [Dec09].

  111. 1Jul10:Co-op owned Copersucar (BR; W54) reports turnover of EUR 1557m and net profit of EUR 0.5m [Mar10].

  112. 30Jun10:Fonterra (NZ; W5) members voted 89.85% in favor of the internal “Trading Among Farmers” proposal.

  113. 28Jun10:HKScan (FI; W40) acquires Latvian “Jalgavas galas kombinats” through its subsidiary “Rigas miesnieks”

  114. 26Jun10:Aveltis (EUR 400m+) is the new French nr.2 pork meat co-op regrouping Pigalys, Léon Tréguier, Porc Bretagne Ouest and Terrena pork.

  115. 25Jun10:Mole Valley Farmers (UK; W204) acquires the retail business of loss-making farm supplies cooperative CWG.

  116. 25Jun10:Even (FR; W102) reports turnover -100% at EUR 0m and net profit -100% at EUR 0m [Dec09].

  117. 24Jun10:Lantmännen (SE; W23), through its subsidiary Unibake, acquires Hungarian Elso Pesti Malon-es Sutoipari for an undisclosed amount.

  118. 24Jun10:HKScan (FI; W40) acquires the majority of multi-annual loss-making Järvi-Suomen Portti (FI; W303) for an undisclosed amount.

  119. 21Jun10:Nordmilch (DE; W30) reports turnover -26% at EUR 1862m and net profit +46% at EUR 29.6m [Dec09].

  120. 21Jun10:Nordmilch (DE; W30) and Humana Milchunion (DE; W27) are to merge in January 2010, creating a group of some EUR 5 bn.

  121. 21Jun10:Cecab (FR; W71) exchanges stakes with Pinguin-Lutosa and reports turnover at EUR 1100m and net profit -8% at EUR 21.3m [Dec09].

  122. 21Jun10:AB Oost (NL; W283) reports turnover -4% at EUR 126m and net profit at EUR -1.9m down from EUR 0.2m [Dec09].

  123. 18Jun10:Namoi Cotton cooperative (AU; W237) reports turnover -15% at EUR 212m and net profit -35% at EUR 3m [Feb10].

  124. 18Jun10:Apo Conerpo (IT; W127) reports turnover -2% at EUR 685m  [Dec09].

  125. 16Jun10:Milcobel (BE; W107) reports turnover -8% at EUR 755m and net profit +213% at EUR 3.2m [Dec09].

  126. 16Jun10:Eurial Poitouraine (FR; W141) and GLAC (FR; W394) are in merger talks creating a EUR 1.3bn dairy company.

  127. 15Jun10:Sodiaal (FR; W28) reports turnover -9% at EUR 2486m and net profit -22% at EUR 29.4m [Dec09].

  128. 14Jun10:Silver Fern Farms (NZ; W94) is closing three plants following half year losses.

  129. 14Jun10:Nordmilch (DE; W30) terminates a cooperation agreement with Molkerwi Selsingen in view of the alliance with Humana Milchunion.

  130. 14Jun10:Multipurpose co-ops Coopagri Bretagne (FR; W59), La CAM (FR; W234) and Eolys (FR; W147) will merge under the name “Triskalia”.

  131. 14Jun10:Berglandmilch (AT; W144) and Tirolmilch (AT; W262) have announced merger talks, creating a EUR 750m dairy group.

  132. 12Jun10:Milk Link (UK; W136) reports turnover +6% at EUR 594m and net profit -48% at EUR 4.1m [Mar09].

  133. 12Jun10:Fonterra (NZ; W7) mailed voting papers to members on the internal trading structure. Shareholders fund limited to 25%.

  134. 11Jun10:Listed ex-coop Affco (NZ) faces takeover as 52.8% shareholder Talley’s acquired a further 23.5% stake.

  135. 11Jun10:Landgard (DE; W56) reports turnover +34% at EUR 1701m and net profit -9% at EUR 2.9m [Dec09].

  136. 11Jun10:Eolys (FR; W147) members voted in favor of merging with Coopagri Bretagne (FR; W59) and La CAM (FR; W234).

  137. 11Jun10:CZAV (NL; W201), Rijnvallei (NL; W233), ForFarmers (NL; W23) and others join in research and advisory service “CropSolutions”.

  138. 9Jun10:Vion (NL; W3) has entered exclusive negotiations to acquire  bankrupt meat company Weyl Beef (NL; turnover EUR 230m).

  139. 9Jun10:Cooperl Arc Atlantique (FR; ) reports turnover +36% at EUR 1500m and net profit +746% at EUR 11m [Dec09].

  140. 8Jun10:The business merger of Nordmilch (DE; W30) and Humana Milchunion (DE; W25) faces delay as due diligence still continues.

  141. 8Jun10:Pigture Group (NL; W294) reports turnover +1% at EUR 85m and net profit at EUR 0.5m, up from EUR -4.3m [Dec09].

  142. 4Jun10:Sodiaal (FR; W29) acquires Entremont Alliance (FR; W87) for EUR 25m, plus debts EUR 376m:70m cancelled + 70m in convertible bonds.

  143. 4Jun10:Norske Skog (13.7% Co-op owned) is predicted as takeover candidate, with Stora Enso as designated buyer.

  144. 2Jun10:Murray Goulburn (AU; W52) withdraws its Warrnambool takeover bid two days ahead of delivery of the competition authority’s report.

  145. 2Jun10:CNC (NL; W237) reports turnover -11% at EUR 200m and net profit -75% at EUR 1.7m [Dec09].

  146. 1Jun10:The intended merger between Fruitmasters (NL; W219) and ZON Fruit & Vegetables (NL; W127) has been called off.

  147. 1Jun10:Tereos (FR; W26) acuires Groupe Quartier Francais in La Reunion. Tereos Internacional acquires Usina Mandu for EUR 154m.

  148. 1Jun10:Nordjysk Andel (DK; W279) and Danish Agro (DK; W170), both members of DLA Agro (DK; W26), announce merger talks.

  149. 31May10:DairyiConcepts, US JV of Fonterra (NZ; W5) and DFA (USA; W182), acquired the Italian cheese business of Swiss Valley Farms(USA; W9).

  150. 29May10:Over 100,000 persons visited one of 65 farms on FrieslandCampina’s (NL; W3) ‘open farm day’ last Monday.

  151. 28May10:Through its subsidiary Nordic Sugar, Nordzucker (DE; W55) sells its sugar beet seed business Maribo Seed to Syngenta for EUR 43m.

  152. 28May10:Südzucker (DE; W12) reports turnover +2% at EUR 5871m and net profit +84% at EUR 183.2m [Feb09].

  153. 28May10:NL Animal breeder CRV (NL; W142) acquired the 55% shares of BOS Trading in Australia it didn’t already own.

  154. 28May10:Ex-coop Viterra aquires US-based 21st Century grain processor for EUR 73.5m.

  155. 28May10:Coforta (The Greenery) and Best Growers Benelux (NL; W275) ended merger talks. Talks with Versdirect.nl (NL; W255) are aborted.

  156. 27May10:The member councils of Agrifirm and Cehave Landbouwbelang agreed to the merger, following competition clearance.

  157. 27May10:Fenaco (CH; W110) reports turnover +2% at EUR 848m and net profit -9% at EUR 38.5m [Dec09].

  158. 26May10:Nordzucker (DE; W79) reports turnover -8% at EUR 1192m and net profit -45% at EUR 43.8m [Feb09].

  159. 24May10:Transformed coop Senwes (SA), currently trading over the counter, resumes plans for IPO on JSE. Details unknown.

  160. 22May10:ZON Fruit & Vegetables (NL; W127) pays out its special reserve of EUR 4.1m to members prior to the Fruitmasters merger.

  161. 20May10:Labor supply cooperatives AB Oost (NL; W282) and AB Groningen (NL; W352) are in merger talks.

  162. 20May10:Humana Milchunion acquires majority ownership of Niesky GmbH for an undisclosed amount.

  163. 20May10:Farmer-owned Vion (NL; W3) reports turnover +5% at EUR 9040m and net profit +15% at EUR 62m [Dec09].

  164. 19May10:The presentation of the ZON-Fruitmasters merger business plan is  delayed to invite member views on differences in payments schemes.

  165. 19May10:Murray Gouldburn announces a VJ with Danone, for the latter to enter the Australian yogurt market.

  166. 19May10:FloraHolland (NL; W20) reports turnover -5% at EUR 3861m and net profit +76% at EUR 5.7m [Dec09].

  167. 19May10:Avebe sells a 60% stake in its subsidiary Meelunie to trading company Hoogwegt for an undisclosed amount.

  168. 18May10:Wexford Milk Producers hears members about plans to increase its stake in Wexford Creamery from 20 to 70% for EUR 9m.

  169. 12May10:Sodiaal bid for Entremont Alliance has stalled over disagreement about debt assumption.

  170. 12May10:Agrana (AT; W40) reports turnover +7% at EUR 2026m and net profit -125% at EUR -15.9m [Feb09].

  171. 11May10:With 73% Glanbia Society’s vote to buy out Irish dairy business from listed Glanbia failed to pass.

  172. 11May10:Cooperlat (IT; W221) reports turnover -5% at EUR 241m and net profit -1562% at EUR 1.8m [Dec09].

  173. 11May10:Agravis (DE; W13) reports turnover -15% at EUR 4956m and net profit -24% at EUR 11.9m [Dec09].

  174. 10May10:BayWa sells its 74% stake in Austrian Frisch & Frost to Lamb-Weston Meijer for an undisclosed price. RWA keeps a blocking minority.

  175. 7May10:Norske Skog (13.7% Co-op owned) is in severe financial difficulty.

  176. 6May10:The Netherlands Competition Authority approves the merger between Cehave Landbouwbelang and Agrifirm. Now farmers may vote.

  177. 4May10:ZON Fruit & Vegetables and Fruitmasters defer their merger vote from June to August.

  178. 4May10:Vilmorin (Limagrain) acquired 7.25% in US-based Arcadia in exchange for 35% in new Limagrain Cereal Seeds US.

  179. 4May10:Tereos plans to float its new entity Tereos Internacional in Sao Paulo in June and later in Paris.

  180. 4May10:Kerry Group changes its milk price formula based on milk solids market value minus assembly costs, resulting in net loss to farmers.

  181. 4May10:Fruitmasters (NL; W227) reports turnover -17% at EUR 230m and net profit at EUR -2.3m, up from EUR -7.8m [Dec09].

  182. 4May10:CONO Kaasmakers (NL; W259) reports turnover -8% at EUR 155m and net profit +91% at EUR 16.5m [Dec09].

  183. 3May10:Siclaé raised EUR 107m from 2.273 members and staff of member cooperatives (incl. 62% Champagne Cereales), a 3.65% stake.

  184. 1May10:Oil company Petrobras is due to invest about EUR 630m in stock listed Tereos subsidiary Acucar Guarani, obtaining a 45.7% stake.

  185. 1May10:Irish Dairy Board was the largest Irish CAP subsidies recipient in 2009, receiving almost EUR 8m.

  186. 30Apr10:In 2009 France’s largest CAP subsidies beneficiaries were Tereos (EUR 178m) and Südzucker subsidiary Saint Louis Sucre (EUR 144m)

  187. 29Apr10:Connacht Gold (IR; W212) reports turnover -15% at EUR 264m and net profit at EUR 1.3m, up from EUR -2.5 [Dec09].

  188. 29Apr10:Caviro (IT; W218) reports turnover +11% at EUR 250m and net profit +5% at EUR 1.9m [Jun09].

  189. 27Apr10:Nordmilch (EUR 51m) and Südzucker (EUR 42m) were Germany’s  largest receivers of EU subsidies in 2009.

  190. 27Apr10:Kerry Group has increased is takeover bid on Newmarket Co-op to EUR 35m:EUR 37K o.a. to the co-op’s 20% active dairy members.

  191. 24Apr10:The Greenery (NL) is engaged in merger talks with mushroom growers association Funghi.

  192. 24Apr10:Members of ZON Fruit & Vegetables reject annual accounts and call for compensation payments ahead of the merger with Fruitmasters.

  193. 24Apr10:Donegal (IR; W279) reports turnover -13% at EUR 113m and net profit -115% at EUR 0m [Dec09].

  194. 23Apr10:NZ cooperatives Silver Fern Farms and LIC and listed PPG Wrightson seek collaboration on integrated red-meat supply chain.

  195. 22Apr10:Lakeland Dairies (IR; W187) reports turnover -25% at EUR 336m and net profit -1% at EUR 1.3m [Dec09].

  196. 21Apr10:Arrabawn acquires Dawn Dairies from Kerry Group for an undisclosed amount.

  197. 20Apr10:Fonterra invites members of bankrupt NZ Organic Dairy Farmers Cooperative to join its ranks.

  198. 20Apr10:Dutch small feed cooperative Agruniek acquires private Menvoerunie for an undisclosed amount.

  199. 15Apr10:Irish Dairy Board (IR; W51) reports turnover -13% at EUR 1823m and net profit +184% at EUR 37.7m [Dec09].

  200. 9Apr10:Terrena (FR) reports turnover -11% at EUR 3.5bn and net profit -49% at EUR 19.5m; 2010 investment budget set at EUR 110m.

  201. 9Apr10:Maïdadour (51%) and Terrena (49%; both FR) are merging their poultry businesses  into “Fermiers de Sud-Ouest”, turnover EUR ±180m.

  202. 8Apr10:The Norwegian Forest Owners Association sold shares in Norske Skog worth EUR 1.25m, reducing its stake from 14.4 to 13.7%.

  203. 8Apr10:Nordmilch almost saw a large group of dissatisfied suppliers walk away, but talks with management kept them in.

  204. 8Apr10:Glanbia Co-op is preparing a bid worth up to EUR 420m for Glanbia plc’s dairy  business, reducing its stake from 54 to 22%.

  205. 8Apr10:Dutch co-ops receiving EU subsidies in 2009 incl:Cosun EUR 71m, The Greenery 42, Fresq 20, FrieslandCampina 20, ZON 14, Avebe 11

  206. 7Apr10:The Greenery (NL; W58) reports turnover -9% at EUR 1627m and net profit -14% at EUR 7.4m [Dec09].

  207. 7Apr10:New flower auction Plantion (NL) started auctioning 1Mar10 at its new facilities, to be opened by the Prime Minister on 17Apr.

  208. 7Apr10:Ex co-op CF Industries (USA) finalizes its initial exchange offer for Terra  after hostile bidding and fighting its suitor Agrium.

  209. 6Apr10:Ex co-op Viterra (CA) received regulatory clearance to acquire ex co-op Dakota Growers Pasta (USA).

  210. 3Apr10:Fonterra acquires the remaining 51% of Saudi NZ Dairy Products it didn’t already own, in a deal worth NZD 45m.

  211. 2Apr10:CONO (NL dairy) reports a 2009 total milk price of EUR 29.42 per 100 kg ex VAT, EUR 2.44 more than FrieslandCampina.

  212. 1Apr10:Maryland & Virginia Milk Producers (USA; W68) reports turnover -23% at EUR 635m and net profit +82% at EUR 10.8m [Dec09].

  213. 1Apr10:Emmi (CH; W53) reports turnover -3% at EUR 1767m and net profit +28% at EUR 51.5m [Dec09].

  214. 1Apr10:Dairygold (IR; W120) reports turnover -19% at EUR 555m and net profit at EUR 8.1m up from EUR -3.2m [Dec09].

  215. 1Apr10:Cehave Landbouwbelang (NL; W91) reports turnover -16% at EUR 1011m and net profit +37% at EUR 16.6m [Dec09].

  216. 1Apr10:Agruniek (NL; W324) reports turnover -19% at EUR 42m and net profit +1963% at EUR 1.5m [Dec09].

  217. 1Apr10:Agrifirm (old) (NL; W102) reports turnover 0% at EUR 915m and net profit +163% at EUR 32.5m [Dec09].

  218. 31Mar10:ForFarmers (NL; W24) reports turnover +371% at EUR 3494m consolidation Cefetra) and net profit +105% at EUR 59.6m [Dec09].

  219. 31Mar10:Ex-coop AWB (AU) agrees with US-based Gavilon to take a 50% stake in its AU business and 100% of AWB Geneva, amount undisclosed.

  220. 31Mar10:Capsa (ES) loses the takeover bidding on Ebro Puleva’s dairy business to Lactalis, which offered EUR 630m.

  221. 30Mar10:Cosun (NL; W55) reports turnover +1% at EUR 1763m and net profit +38% at EUR 61.3m [Dec09].

  222. 29Mar10:Tereos (FR) is consolidating its international businesses into a single unit, to be listed in Sao Paulo, Paris and Shanghai.

  223. 26Mar10:Westfleisch (DE; W46) reports turnover -6% at EUR 1887m and net profit +111% at EUR 10.7m [Dec09].

  224. 24Mar10:Dairy Farmers of America (USA; W11) reports turnover -31% at EUR 5941m and net profit +6% at EUR 48.1m [Dec09].

  225. 23Mar10:Murray Goulburn has increased its shareholding in Warrnambool to the statutory max of 10% while it seeks a full takeover.

  226. 18Mar10:Kerry Co-op (IR) Board considers a new spin out of Kerry Group shares, reducing its current 23.7% shareholding possibly to 9%.

  227. 18Mar10:FrieslandCampina (NL; W4) reports turnover -14% at EUR 8187m and net profit +35% at EUR 182m [Dec09].

  228. 17Mar10:Limagrain may raise is stake in Vilmorin from current 71.46% to 81.6% following planned rights subscription.

  229. 17Mar10:Ex co-op CF Industries and Terra Industries agree acquisition by the former for  USD 4.7bn, the latter ending its talks with Yara.

  230. 16Mar10:TheGreenery (NL; W46) has contracted 40% of its member supplies through a new marketing channel allowing more direct member control.

  231. 16Mar10:Glanbia Co-op is in talks with Glanbia plc (IR; W38) about a possible buy-out and de-listing of the company’s Irish dairy activities.

  232. 12Mar10:Nordzucker sells its 51% stake in Serbian sugar factory Sunoko to Swiss Agri Holding for an undisclosed amount.

  233. 12Mar10:Local meetings of Nordmilch and Humana Milchunion relaxed about prospective merger of business entities expected in June.

  234. 12Mar10:Granarolo (IT; W103) reports turnover -7% at EUR 909m and net profit -336% at EUR 18.6m [Dec09].

  235. 12Mar10:Ex co-op Diamond Foods (USA) raises USD 181m in a secondary offering to fund acquisition of Kettle Foods priced at USD 615m.

  236. 12Mar10:Agravis (DE; W13) reports turnover -15% at EUR 4956m and net profit -24% at EUR 11.9m [Dec09].

  237. 11Mar10:Covap (ES; W198) reports turnover -15% at EUR 300m and net profit +25% at EUR 3.5m [Dec09].

  238. 10Mar10:Tereos (FR; W25) reports turnover -11% at EUR 3409m and net profit -7% at EUR 76.8m [Sep09].

  239. 10Mar10:Sunkist (USA; W135) reports turnover -20% at EUR 581m and net profit -88% at EUR .7m [Oct09].

  240. 10Mar10:DeltaMilk (co-op buyer of FrieslandCampina’s cheese factory Bleskensgraaf) raised member numbers from 60 to 100.

  241. 8Mar10:Arla Foods dismisses the option of opening up its international business to external investors.

  242. 7Mar10:Arla Foods (DK; W7) reports turnover -7% at EUR 6211m and net profit +75% at EUR 130.5m [Dec09].

  243. 5Mar10:Baywa (DE; W8) reports turnover -17% at EUR 7260m and net profit -23% at EUR 59.4m [Dec09].

  244. 4Mar10:Milko (SE; W212) reports turnover -10% at EUR 267m and net profit at EUR 2.8m, up from EUR -6.2m [Dec09].

  245. 3Mar10:Gasa Nord Groent (DK; W228) reports turnover +6% at EUR 228m and net profit +27% at EUR .6m [Dec09].

  246. 3Mar10:Ebro Puleva rejects Capsa’s (ES; 57% co-op owned) takeover bid on its dairy division Puleva, valued at EUR 500m.

  247. 2Mar10:Valio suffers from strong competition from Arla Foods in the local Finnish market.

  248. 1Mar10:Sodiaal acquires Albert Frere’s 63.5% stake in Entremont Alliance for EUR 30m and Unicopa’s 36.5% (plus EUR 376m debt).

  249. 1Mar10:Fonds Stratégique d'Investissement invests EUR 150m in Limagrain to strengthen the capital base of its listed subsidiary Vilmorin.

  250. 1Mar10:Coopagri Bretagne, La CAM 56 and Eolys announce merger effective as of 30June, creating a EUR 2.8bn company.

  251. 26Feb10:Tine (NO; W36) reports turnover +7% at EUR 2341m and net profit +79% at EUR 83.5m [Dec09].

  252. 24Feb10:Land O'Lakes (USA; W6) reports turnover -14% at EUR 7634m and net profit +17% at EUR 150.6m [Dec09].

  253. 24Feb10:Arla Foods (DK; W9) reports turnover -7% at EUR 6211m and net profit +75% at EUR 130.5m [Dec09].

  254. 22Feb10:Axéréal (FR; W39) to acquire Greencore’s malt business for EUR 116m.

  255. 19Feb10:HKScan (FI; W39) reports turnover -7% at EUR 2125m and net profit +328% at EUR 32.5m [Dec09].

  256. 18Feb10:Atria (FI; W71) reports turnover -3% at EUR 1316m and net profit -41% at EUR 7m [Dec09].

  257. 17Feb10:Calavo Growers (USA; W203) acquires 65% of Salsa Lisa and integrates the company in new subsidiary Calavo Salsa Lisa.

  258. 12Feb10:Fruitmasters and ZON Fruit & Vegetables (both NL) are investigating a merger.

  259. 12Feb10:Agropur (CAN; W44) reports turnover +8% at EUR 1923m and net profit +45% at EUR 21m [Oct09].

  260. 9Feb10:Mechelse Veilingen (BE; W253) reports turnover -15% at EUR 179m [Dec09].

  261. 9Feb10:Agravis (DE; W13) launches JV with Voks- und Raiffeisenbank Mölln for agricultural trading activities.

  262. 5Feb10:M-real (FI; W33) reports turnover -25% at EUR 2432m and net profit at EUR -354m, up from EUR -508m [Dec09].

  263. 27Jan10:It is being speculated that Kerry Group (IR) is preparing a bid on cheddar cheese cooperative Newmarket Co-op.

  264. 26Jan10:Fonterra (NZ; W7) farmer-shareholders raised EUR 192m,  suscribing to a share issue up to 120% of milk supply shares.

  265. 26Jan10:Cocamar (BR; W149) reports turnover +0% at EUR 505m [Dec09].

  266. 26Jan10:3A (FR; W121) launches a JV with Kaiku to strengthen its yogurt business.

  267. 21Jan10:ex-coop Viterra (CAN) reports turnover -2% at EUR 4179m and net profit -61% at EUR 71.2m [Oct09].

  268. 20Jan10:Unicopa (FR; W74) sells its animal foods business Nutrea to Terrena and Coopagri Bretagne.

  269. 20Jan10:Ahead of its AGM, Silver Fern Farms (NZ; W59) shares trade at just above 50% of their price when issued on a restricted market in Oct09.

  270. 19Jan10:Mole Valley Farmers (UK; W205) reports turnover +6% at EUR 281m and net profit -11% at EUR 2.4m [Sep09].

  271. 16Jan10:Arla Foods (DK; W7) sells its 75% stake in Claymore Dairies (UK) to management, North Milk Co-op owning the remaining 25%.

  272. 14Jan10:Arla Foods (DK; W7) doubles its investment budget to EUR 242m focusing on marketing, capacity and increased efficiency.

  273. 7Jan10:Bralian dairy co-ops Itambé (BR; W125), Minas Leite, Mineiras Cemil, Centroleite (joint turnover EUR 1.6 bn) are in merger talks.

  274. 4Jan10:Warrnambool (AU, listed ex-coop) received and rejected two uninvited takeover bids termed 'opportunistic'.

  275. 4Jan10:Pro-Fac (US) earns USD 238m selling minority owned customer Birds Eye Foods to private equity Pinnacle Foods.

  276. 4Jan10:Former executives of Friesland Foods suggest Campina members paid too little for the merger.

For you, we try to follow, on a daily basis, the news for some 500 cooperatives around the world. You will find the latest entries in the Twitter feed on the home page. Follow us on Twitter to keep posted.

Below is a historical summary of the main headlines since 2010, mainly covering:

  1. Strategy and M&A activities

  2. Financial results

  3. Capitalization & Ownership

  4. Governance

Independent &

CO-OP Champions

Dr. Onno F. van Bekkum

Cooperative Strategist & CEO

Van Herlaerstraat 1

5324 EA Ammerzoden

The Netherlands

Mobile: +31 (0)6-3614 5231