Weetabix adopts a Chinese flavour

Baring Private Equity Asia closes purchase of 40% stake in Weetabix and plans expansion in China. Loan financing largely taken up by Chinese banks.

Baring Private Equity Asia said on Tuesday it has completed its purchase of a 40% stake in Weetabix Food Company and is working on enticing Chinese consumers away from their traditional morning bowl of congee and towards the firm’s British breakfast cereals. 

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