<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区
          Chinadaily.com.cn
           
          Go Adv Search

          Food companies show appetite for growth through overseas M&A

          Updated: 2012-03-08 08:13

          By Shen Jingting (China Daily)

            Comments() Print Mail Large Medium  Small

          Food companies show appetite for growth through overseas M&A

          Major food companies, such as Bright Food Group Co, maker of  the popular White Rabbit candy, have shown interest in expanding overseas and purchaseing assets, especially in the dairy, wine and sugar industries. [Photo / Bloomberg]

          Global food and beverage companies are likely to be the next major targets for Chinese enterprises pursuing overseas mergers and acquisitions, since tough global economic conditions are creating takeover opportunities.

          Major domestic food and beverage companies, such as COFCO Group and Bright Food Group Co Ltd, have shown great interest in expanding overseas and purchasing assets, especially in the dairy, wine and sugar industries.

          Bright Food, which runs China's biggest sugar production and distribution business and operates Bright Dairy, an industry leader, is negotiating with a French wine company about a potential acquisition, according to Ge Junjie, vice-president of Bright Food.

          Ge declined to identify the French company but said talks were going well.

          "Bright Food is determined to be a global player. We hope to introduce the world's premium foods to the Chinese mainland, where demand is huge," said Ge.

          He commented on the sidelines of the annual session of the Chinese People's Political Consultative Conference in Beijing.

          Ge said Chinese people are displaying stronger demand for safe, high-quality food as their incomes rise and as they become more aware of safety issues.

          The global economic downturn has created an "extremely good opportunity" for Chinese buyers, according to Ge. He said that in the past one to two years, many foreign food companies had contacted Bright Food to discuss potential cooperation.

          "It's a good thing for both sides. China's big market and Bright Food's strong distribution network lure them. Meanwhile, they can help Bright Food extend its lead in China and tap overseas markets," said Ge.

          Shanghai-based Bright Food has completed two overseas acquisitions so far. In 2010, the company purchased a controlling stake in New Zealand's Synlait Milk for $58 million. On Aug 17, 2011, Bright Food agreed to spend $382 million for a 75-percent stake in Manassen Foods Australia Pty, an Australian branded food business.

          Another Chinese food giant, COFCO, made its first overseas purchase in 2010 by acquiring Chilean winery Biscottes for $18 million. It then purchased a 99-percent stake in Australian sugar producer Tully Sugar for $145 million in July 2011.

          Food companies show appetite for growth through overseas M&A

          Hangzhou Wahaha Group Co, China's top beverage producer, plans to invest in dairy farms in Western Australia to expand its import channel for milk, Chairman Zong Qinghou told China Daily earlier this week.

          But while Chinese companies' enthusiasm for purchasing overseas assets is rising, the actual level of outbound investment is still small.

          In China's food and beverage industry, the total number of M&A deals was 221 from July 2008 to June 2011, according to a research note from ChinaVenture, a leading investment consultancy company in China. But only eight cases, or 4 percent, involved overseas targets.

          China's M&A transactions in the food and beverage sector reached $9.33 billion in the same period. But outbound M&As accounted for merely 1 percent of the total, the note said.

          "For Chinese companies, when they make M&As abroad, they mainly focus on upstream resources and their major purpose is to lift market share in the Chinese market," said Fiona Wan, an analyst with ChinaVenture.

          "Because they haven't shown an ambition to conquer the global market their overseas transactions have been relatively small," said Wan.

          Zhang Yanan, an analyst with Beijing-based research firm Zero2IPO Group, said that Chinese investment in food and beverage companies overseas was set to surge.

          "The food consumption structure is changing in China, as people ask for more premium foods. Meanwhile, the timing is good for domestic food companies, and they've already gained some experience in purchasing assets overseas," said Zhang.

          The road for expansion may not be smooth, Zhang added. Bright Food, before it completed deals in New Zealand and Australia, experienced four failed attempts in buying assets overseas.

          "This is only the start of Bright Food's globalization. Our company will definitely conduct more deals focusing on our main businesses, such as dairy, sugar and wine," said Ge.

          shenjingting@chinadaily.com.cn

          主站蜘蛛池模板: 日韩区二区三区中文字幕| 日韩伦人妻无码| 欧美日韩高清在线观看| av色国产色拍| 九九热精品在线免费视频| 国产一区二区三区亚洲精品| 黑人玩弄人妻中文在线| 精品日本免费一区二区三区| 国产愉拍91九色国产愉拍| 久久婷婷大香萑太香蕉av人| 亚洲性线免费观看视频成熟| 青草精品在线视频观看| 亚洲av成人无码精品电影在线| 99久久免费精品色老| 亚洲の无码国产の无码步美| 久久毛片少妇高潮| 在线观看91精品国产不卡| 麻豆亚洲精品一区二区| 国内a级毛片| 97人人添人人澡人人澡人人澡| 国产成人女人毛片视频在线| 在国产线视频A在线视频| 国产成人综合久久二区| 在线无码免费的毛片视频| 国产成人啪精品视频免费APP| 欧美日韩综合在线精品| 久久人与动人物a级毛片| 精品久久香蕉国产线看观看亚洲 | 日韩一区二区一卡二卡av| 四虎国产精品久久免费精品| 挺进朋友人妻雪白的身体韩国电影| 青青青久热国产精品视频| 精品久久人人妻人人做精品| 国产美女久久久亚洲综合| 日本A级视频在线播放| 成年女人看片免费视频| 国产成人午夜福利院| 国产精品igao视频| 亚洲欧美人成网站在线观看看| 国产普通话刺激视频在线播放| 久久婷婷五月综合97色直播|