date:Nov 05, 2012
rofit.
Cao Xiaofeng, the chief financial officer of Bright Dairy, said in a recent interview with the Economic Information newspaper that the market value of Weetabix is about 1.2 billion pounds.
The Chinese company will refinance 500 million pounds of the 900 million pounds of Weetabix's debt.
After the acquisition, Bright Dairy will issue bonds in Hong Kong. Bright Hong Kong, which is affiliated to Bright International, will be the issuer.
Weetabix is the second-largest maker of breakfast c