Deals
China’s Bright Food Considers Acquisition of Israel’s Tnuva
This article is for subscribers only.
Bright Food Group Co., the dairy and consumer-products group backed by the Shanghai government, said it’s considering an acquisition of Israel’s Tnuva Food Industries Ltd. as the Chinese company expands overseas.
Bright Food is in “preliminary” acquisition talks on Tnuva, the Chinese company’s spokesman Pan Jianjun said by phone today, without specifying the size of the stake it might buy.