Nestle majority owner in Chinese confectionery

The Ministry of Commerce has approved Nestle's acquisition of a 60% share of China-based, Singapore-listed Hsu Fu Chi International for US$1.7 billion.…

1 minute readDecember 14, 2011 at 11:58 PM

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The Ministry of Commerce has approved Nestle's acquisition of a 60% share of China-based, Singapore-listed Hsu Fu Chi International for US$1.7 billion. The target is headquartered in Guangdong, operating four factories that manufacture confectionaries and snacks.

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