Bright Food to buy control of Tnuva for $960m

Chinese state-backed group to buy 56% stake in Israel's Tnuva in the country's largest outbound dairy deal.

Denise Wee

May 22, 2014

China’s state-backed Bright Food has signed a preliminary agreement to buy a 56.1% stake in Tnuva, Israel’s largest food company, from private equity firm Apax Partners for about $960 million, according to a source familiar with the deal.

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