Bright outlook for Israel dairy firm acquisition
By Wei Tian and Yu Ran in Shanghai | China Daily | Updated: 2013-09-04 07:44
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Bright Food Co, the second-largest food company in China, is in the early stages of talks to acquire Tnuva Food Industries Ltd, an Israeli food producer. The transaction is potentially valued at $1.29 billion. Niu Yixin / For China Daily |
China's second-largest food manufacturer Bright Food Co is in touch with Israel's largest food producer Tnuva Food Industries Ltd over a potential acquisition, which is expected to be the largest purchase of an Israeli firm made by a Chinese company.
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