date:Nov 05, 2012
Bright Dairy Food Co Ltd completed its acquisition of British food processing company Weetabix Ltd on Nov 2, in the biggest overseas MA deal for a Chinese company ever.
Bright Dairy paid about 700 million pounds (7 billion yuan) for the deal, which includes a 60 percent stake in Weetabix, and covers part of Weetabix's debt.
Last year, Shanghai-based and State-owned Bright Dairy, one of the largest food companies in China, posted annual sales of 76.9 billion yuan and 2.65 billion yuan of net p