date:Jun 26, 2014
in China and they may also be seeking foreign food brands to address the trend.
Bright Food, which controls Shanghai-listed Bright Dairy Food Co., reached a preliminary agreement last month with private-equity firm Apax Partners LLP to buy its 56 per cent in Tnuva for about $960 million, according to a person with knowledge of the matter. The Israeli company is the countrys largest food manufacturer and distributor.
Mivtach Shamir Holdings Ltd., Tnuvas second-largest shareholder with 21 per