RRJ Capital, a private equity firm run by former Goldman Sachs partner Richard Ong, plans to invest 1.52 billion yuan (HK$1.93 billion) for a 45 per cent stake in a joint venture with Shanghai-listed Bright Dairy & Food. Bright Dairy will consolidate all the dairy farms and related business into the joint venture, Bright Holstan, according to a filing to the Shanghai stock exchange yesterday…Full Article: South China Morning Post Feb 2014

Key point

  • At the same time, Bright Food Group (parent company of Bright Dairy & Food) and Citigroup are investigating (e.g. due diligence) whether to purchase (US$2.55 billion) Tnuva Food Industries, Israel’s largest food manufacturer and distributor

ChinaAg Comment

  • Bright Dairy & Food Co., Ltd.: A Shanghai-based  subsidiary of Bright Food Group, the company produces pasteurized milk, fresh milk, yoghurt, ultra-high heat pasteurized milk, milk powder, butter and cheese, and fruit juices. It is one of the largest dairy production and sales companies in China. (English version)

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