Bright Food finally completes acquisition of Tnuva

Tnuva  picture: Tamar Mitzpi

Bright Food has transferred NIS 4.78 billion to Apax Partners and Mivtach Shamir.

Ten months after signing a deal to buy control of Israel'sTnuva Food Industries Ltd., China's Bright Food Corp. finally completed the acquisition today.

Bright Food has transferred NIS 4.78 billion to Apax Partners and Mivtach-Shamir Food Industries Ltd. (TASE:SHAM) for their respective 56.15% and 20.7% stakes.

Published by Globes [online], Israel business news - www.globes-online.com - on March 30, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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Tnuva  picture: Tamar Mitzpi
Tnuva picture: Tamar Mitzpi
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