Bright Food eyes Australian sugar deal
China Daily | Updated: 2010-01-13 08:09
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White Rabbit candy produced by Bright Food Group on display in a supermarket. The Shanghai-based company plans to buy Australian CSR's sugar business. CFP |
Bright Food Group Co, the biggest food company in Shanghai, offered as much as A$1.5 billion ($1.4 billion) cash for Australia-based CSR Ltd's sugar unit to gain raw materials after global prices more than doubled in the past year.
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