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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 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.

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