Canada Goose sale China’s Bright Food buys Weetabix Canada Goose sale

Deal value Weetabix group at 1.2 billion pounds

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buy canada goose jacket SHANGHAI/LONDON, May 3 (Reuters) China Bright Food will take control of breakfast cereal maker Weetabix, buy canada goose jacket cheap beloved by generations of British children, canada goose coats on sale in the biggest foreign acquisition by a Chinese food group. buy canada goose jacket

canada goose State owned Bright Food has agreed canada goose uk black friday to buy a 60 percent stake in a deal which puts a value of 1.2 billion pounds ($1.94 billion), including debt, on the private equity Canada Goose Coats On Sale owned canada goose clearance company that coined the canada goose clearance sale slogan you had your Weetabix? canada goose

canadian goose jacket The Shanghai based group has canadian goose jacket been on the acquisition trail, seeking to raise its profile and cater for its rapidly growing home market. Weetabix is its second foreign purchase in a year canada goose coats and its first in Europe after other deals fell through. canadian goose jacket

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Canada Goose online China leading food group, we are pleased to canada goose black friday sale become the controlling shareholder of Weetabix, Bright Food chairman Wang Zhongnan said in a statement on Thursday. has an excellent canada goose factory sale product portfolio, including leading British cereal brand Weetabix and cheap Canada Goose other category leading brands. Canada Goose online

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is a trend, said Ghislain de Mareuil, a Paris based lawyer at De Pardieu Brocas Maffei. China, you have to set an example, and then others follow. What Bright Food has done will definitely set a trend for other Chinese food companies the way we have seen in Canada Goose Jackets the automotive industry.

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canada goose store It has around 7 percent of the British canada goose uk shop breakfast cereal market. As well as Kellogg, it competes with the Swiss based joint venture canada goose store Cereal Partners between Nestle and General Mills whose brands buy canada goose jacket include Shreddies and Cheerios. canada goose store

buy canada goose jacket cheap The deal is expected to close in the second half of 2012 and is subject to Chinese regulatory approval. buy canada goose jacket cheap

Canada Goose Outlet Bright Food has four subsidiaries listed Canada Goose sale on the Shanghai Stock Exchange: Shanghai Jinfeng Wine Co, Shanghai Haibo Co, Shanghai Maling Aquarius Co and Bright Dairy Food Co Canada Goose Outlet.