date:May 22, 2014
China's Bright Food (Group) Co Ltd has signed a deal to buy 56 percent of Tnuva from private equity firm Apax and Partners in a deal valuing Israel's largest food company at 8.6 billion shekels ($2.5 billion), Israeli news websites reported late on Wednesday.
Bright Food has not yet reached an agreement with Israeli investment company Mivtach Shamir Holdings Ltd, which owns 21 percent of Tnuva, the Calcalist website said. A group of kibbutzim, or cooperative farms, own the rest of Tnuva, a dair