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
To contact the editor responsible for this story:
Daniel Tilles at
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