China Bright Food to buy majority stake in Israel's Tnuva
Shanghai (AFP) May 22, 2014 - China's state-owned Bright Food will take a majority stake in Israel's biggest food producer Tnuva, it said Thursday in the latest step of an overseas buying spree. Bright Food, which controls British cereals firm Weetabix, has signed a preliminary agreement with London-based private equity firm Apax Partners to acquire a 56 percent stake in Tnuva, the Chinese firm said in a statement. B ... more
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