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Walmart may launch Flipkart IPO by 2022

The Indian e-commerce player is valueted at a little less than $21B

Indian e-commerce player Flipkart might go for an Ipo in as early as four years if minority investors holding 60% of its shares wish to do so, Walmart said in a filing to the SEC.

The U.S. retail giant agreed to pay $16B last week for a roughly 77% stake in Flipkart, a private company, valuing the Indian e-commerce player at a little less than $21B.

Flipkart, 100 mln of registered clients,  has strong presence in sectors such as fashion, electronics and digital payments.

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© EFA News - European Food Agency Srl

Cheese and dairy productsBrands and transformation deliver strong 2019 results for Arla

Arla’s branded sales volume grew 5.1 per cent in 2019

In 2019 farmer-owned Arla Foods exceeded expectations for global branded sales whilst simultaneously transforming its business securing cost-savings at the top end of expectations through the Calcium programme. This enabled Arla to deliver a stable milk price to its farmers owners and a strong cash flow further strengthened the company’s investment power in future growth. more