Bright Food “in talks” to buy United Biscuits

Posted by Nicole Eckersley on 28th September 2010

McVities Chocolate Caramel DigestivesChinese food group Bright Food is in talks to purchase UK-based United Biscuits, owner of the McVities brand, according to reports.

It is understood that the deal, which would be the largest-ever overseas acquisition by a Chinese company in the food industry, would be worth around US$3.2 billion, Reuters reported yesterday.

The board of United Biscuits allegedly gave its private-equity owners, Blackstone and PAI Partners, permission in July to sell the business.

Shanghai-based Bright Food controls four listed companies, including Bright Dairy & Food Co.

“Bright Food is now in talks about buying United Biscuits,” Chen Chunshan, a company spokesman, told Bloomberg.

Bright Food and United Biscuits could not be reached for immediate comment.

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