Bright Food seeks loan to fund Weetabix acquisition
date:May 12, 2012
mmercial paper in recent years.
We won't rule out borrowing from commercial banks this time, Jianjun added.
Earlier this month, Bright Food entered into an agreement pay 720m to acquire 60% controlling stake in Weetabix, in a deal that values Weetabix at 1.2bn, including debt. Lion Capital and the Weetabix management will hold the remaining 40% stake in the company.
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