久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Companies

Bright Food to buy 60% of Weetabix for $1.9b

By Joseph Boris in New York (chinadaily.com.cn) Updated: 2012-05-04 02:50

China's Bright Food Group Co agreed to buy a 60 percent stake in British cereal maker Weetabix Ltd in a deal valued at about 1.2 billion pounds ($1.9 billion) including debt, the companies announced Thursday.

State-owned Bright Food bought the controlling interest in Weetabix from UK private-equity firm Lion Capital LLP. Lion will retain 40 percent ownership of the company.

Bright Food and Weetabix said their deal, which is subject to regulatory review in China and the UK, is the biggest foreign acquisition by a Chinese company in the food and beverage sector. With the necessary approvals, the deal is expected to close during the second half of this year, according to the companies' joint announcement.

"With Bright Food's strong resources and our expertise in both the Chinese and broader international markets, we are excellently placed to develop the Weetabix business," Bright Food Chairman Zongnan Wang was quoted in the statement as saying.

Bright Food had been negotiating for several weeks with Lion Capital, which bought Weetabix in 2004. The Shanghai-based maker of dairy, sugar and wine products has been actively seeking overseas food acquisitions over the past two years.

It has completed two such deals, buying a controlling stake in New Zealand's Synlait Milk Ltd for $58 million in 2010 and agreeing last year to spend $382 million for 75 percent of Manassen Foods Australia Pty.

"I think there is a place in the market for Weetabix," analyst Ben Cavender of China Market Research in Shanghai told the Financial Times. "Food safety concerns in China give Bright the opportunity to leverage that brand by saying this is a product with safe ingredients, made to international standards."

Bright Food indicated it plans to keep the current management at Weetabix. "We value the expertise of Weetabix's management and employees and look forward to collaborating with them," Wang said in the statement.

A Bright Food spokesman on Wednesday denied to China Daily that the company was in talks to acquire Weetabix.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美黄视频在线观看 | 日韩国产中文字幕 | 加勒比色久综合在线 | 国产日韩免费 | 中文字幕免费视频 | 久久久香蕉 | 青木玲中文字幕一区二区 | 国产视频高清在线观看 | 日本一级全黄大片 | 91久久精品青青草原伊人 | 91精品人成在线观看 | 男女生性毛片免费观看 | 国产大臿蕉香蕉大视频女 | 国产伦理久久精品久久久久 | 亚洲精品高清久久 | 永久免费不卡在线观看黄网站 | 精品国产亚洲人成在线 | 亚洲成人高清在线 | 波多野结衣在线播放 | 免费一级大片 | 亚洲欧美综合久久 | 毛片网站免费在线观看 | 欧美性xxxx极品高清 | 国产精品情侣久久婷婷文字 | 国产做国产爱免费视频 | 亚洲欧美日产综合在线看 | yp国产在线观看 | 成人免费视频播放 | 亚洲怡红院在线 | 国产三级视频网站 | 亚洲一级毛片免费看 | 97精品国产91久久久久久 | 亚洲an日韩专区在线 | 全部aⅴ极品视觉盛宴精品 全部免费a级毛片 | 日韩欧美一级a毛片欧美一级 | aaaaaaa毛片| 在线观看a网站 | 久草视频免费在线 | 国产a级特黄的片子视频 | 久草视频资源在线 | a在线观看欧美在线观看 |