Wahaha Leads Bidding to Acquire KP Snacks, Sunday Times Reports

Hangzhou Wahaha Group Co. is in pole position to buy United Biscuits’s 520 million-pound ($816 million) KP Snacks unit, the Sunday Times reported, without saying where it got the information.

Blackstone Group LP (BX) and PAI Partners, the owners of United Biscuits, are being advised by Credit Suisse Group AG and sent a four-page sales document to potential buyers including Wahaha, the newspaper said.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.