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Family business roundup: Saras sells a stake, Joh A Benckiser buys, Tata gets a foothold in France

Joh A Benckiser buys into coffee maker DE Master Blenders; Tata Group buys into French IT sector and the family behind Saras sell a big share to the Russians.

Joh A Benckiser buys into coffee maker DE Master Blenders; Tata Group buys into French IT sector and the family behind Saras sell a big share to the Russians.

Saras
Italian oil refinery Saras, controlled by the Moratti family, has agreed to sell a 13.7% stake in the business to Rosneft JV Projects – a subsidiary of Russian state-owned oil company Rosneft – for €178.5 million.

Second-gen brothers Gian Marco Moratti and Massimo Moratti, who hold the posts of chairman and chief executive officer respectively, will sell all of their shares in Saras – accounting for 21.5% of the family's total stake.

But the family will still control 50% of the business through vice chairman Angelo Moratti’s holdings.

Gian Marco Moratti said in a statement: "We welcome Rosneft, the largest listed oil producer in the world, as a substantial shareholder of the company and trust that it will be beneficial to Saras and Rosneft in the short term and long term."

Saras had revenues of €11 billion in 2011, the latest figures available.

Joh A Benckiser
Holding company Joh A Benckiser has agreed to buy Netherlands-based coffee company DE Master Blenders for €7.5 billion. DEMB is the world's third-largest coffee producer behind Nestle and Kraft, with sales of €2.7 billion in 2012.

Joh A Benckiser is controlled by Germany's Reimann family, and the acquisition is its latest move to turn itself into a global force in the coffee and tea industry – it bought US coffee companies Caribou Coffee and Peet's Coffee & Tea in 2012. 

Joh A Benckiser did the deal through its wholly owned subsidiary Oak Leaf.

Tata Group
Indian conglemerate Tata Group – controlled by the eponymous family – has agreed to buy 100% of the shares of French information technology company Alti for €75 million, through its Tata Consultancy Services subsidiary.

Tata said it made the acquisition to "transform TCS into a major player in France", which is one of the largest IT services markets in Europe.  

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