Bright Food to buy Australian producer
By He Wei | China Daily | Updated: 2011-08-16 08:04
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A billboard for Bright Food Group Co Ltd at an exhibition in Shanghai. Bloomberg reported that the company has agreed to pay about A$400 million ($416 million) for a 75 percent stake in Australia's Manassen Foods. Shen Jingwei / for China Daily |
SHANGHAI - Bright Food Group Co Ltd, a leading Chinese food manufacturer, is finalizing an acquisition deal with an Australian food distributor in a bid to expand its presence overseas, a company spokesman said on Monday.
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