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LONDON - Chinese food company Bright Food is in exclusive talks to buy Britain's United Biscuits for more than 2 billion pounds ($3.13 billion), the Sunday Times reported.
Citing sources close to the deal, the newspaper said Shanghai-based Bright Food had pre-empted a planned auction and was in secret talks to buy the maker of McVitie's and Twiglets for between 2 billion and 2.5 billion pounds.
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Blackstone and Bright Food were not immediately available for comment.
US food group Campbell Soup Co was weighing a bid, a source told Reuters in August.
Bright Food, which recently lost a bidding war for Australian sugar refiner CSR, is being advised in the talks by Rothschild, the Sunday Times said.