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Bright outlook for Israel dairy firm acquisition

By Wei Tian and Yu Ran in Shanghai | China Daily | Updated: 2013-09-04 07:44

Bright outlook for Israel dairy firm acquisition

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.

Bright outlook for Israel dairy firm acquisition

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