Bright Food may want to purchase vintner

Melbourne, Australia/SHANGHAI -Treasury Wine Estates Ltd rose by a record in Sydney trading as two people familiar with the matter said China's Bright Food Group Co is considering making an offer for the world's second-largest winemaker.

The vintner surged as much as 11 percent, the largest intraday gain since Treasury shares began trading on May 11. Closely held Bright Food, Shanghai's biggest food and dairy producer, has had internal talks about a bid for the Melbourne-based maker of Penfolds Grange, said the people, who asked not to be identified because the discussions are private.

Bright Food's potential interest in Treasury follows a failed offer for 50 percent of French yogurt maker Yoplait SA and being outbid by Wilmar International Ltd for CSR Ltd's sugar unit. Foster's Group Ltd, which spun off Treasury in May, last month rejected a A$9.5 billion ($10.2 billion) takeover offer for the brewing business from SABMiller Plc as too low.