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U.A.E.’s National Food Products Said to Abandon Stake-Sale Plan

  • Bidders questioned cost and value of expansion, person says
  • Stake sale may have valued company at about $1.5 billion

National Food Products Co., which attracted interest from private-equity firms such as KKR & Co and Blackstone Group LP, has abandoned plans to sell a stake in the company, according to two people with knowledge of the matter.

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