Controlling share of Tnuva sold to Chinese company
Under terms of a preliminary accord, Bright Food said on Thursday it will buy 56 percent of dairy firm Tnuva from private equity house Apax for an undisclosed sum.
China's Bright Food Group Co Ltd has struck a deal to buy control of Israel's largest food company, gaining new products and technology as it chases rivals that have overtaken it in China's fast-growing cheese and dairy markets.
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