date:Sep 04, 2013
China's Bright Food (Group) Co Ltd said on Tuesday it was holding talks with Tnuva, Israel's biggest food manufacturer and distributor, about a possible acquisition.
This has really just got going, and the two sides are in the process of talking and understanding one another, Bright Food spokesman Pan Jianjun told Reuters.
British private equity firm Apax Partners holds a 56 percent stake in dairy-focused Tnuva, and the potential deal could be worth around 10 billion yuan ($1.63 billion), a Ch