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Nestle buys 60 percent of Chinese candy maker for $1.7 billion

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Mon, 11 Jul 11 1:54 PM | 25 view(s)
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Nestle buys 60 percent of Chinese candy maker for $1.7 billion

SINGAPORE/HONG KONG (Reuters) - Nestle (NESN.VX), the world's largest food company, offered to buy 60 percent of Chinese candies and pastries group Hsu Fu Chi International (HSFU.SI) for about $1.7 billion to expand in one of the world's biggest consumer markets.

Saeed Azhar and Lee Chyen Yee

SINGAPORE/HONG KONG
Mon Jul 11, 2011 6:10am EDT

link-
http://www.reuters.com/article/2011/07/11/us-hsufuchi-nestle-idUSTRE76A0ZX20110711




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