date:May 29, 2014
China's state-owned Bright Food (Group) Co Ltd is seeking a syndicated loan of up to $800 million to back its acquisition of a majority stake in Israel's largest food company Tnuva, banking sources said.
Bright Foods said that it would buy 56 percent of dairy firm Tnuva, Israel's largest food company, from private equity house Apax Partners on May 22 in a deal that shareholder Mivtach Shamir Holdings said valued the dairy company at about $2.5 billion.
Bright Foods' deal follows similar acquis