Bharti Enterprises loses appetite for Del Monte JV, to focus on telecom

Bharti Enterprises and global investment group E.L. Rothschild had formed an equal joint venture, FieldFresh Foods, in 2004, to produce and export fresh vegetables and fruits. Three years later, in 2007, the Singapore-listed Del Monte Pacific Ltd acquired 40.1% stake in FieldFresh Foods for $20.8 million. Bharti continued to hold 50% in the company, with Rothschild staying in the company as a minority partner.

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