China’s Bright Food is on the acquisition trail in Europe, visiting London, Dublin, Brussels and Barcelona as part of the state-controlled group’s drive to double its international presence within the next three years.
Ge Junjie, vice-president of the group that has majority stakes in the UK’s Weetabix breakfast cereal and French wine merchant Diva Bordeaux, said Bright Food wanted to secure joint ventures, strategic partnerships and acquisitions.
Bright Food aims for international assets to account for 25 per cent of total assets in three years’ time, from 12 per cent today, Mr Ge said.
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