Ten banks acquire taste for Bright Food's $800m

Bright Food230px
By Rashmi Kumar
17 Jul 2014

Some eight to 10 banks are expected to lead Chinese company Bright Food (Group)’s $800m loan, which will help fund its acquisition of a majority stake in Israel’s Tnuva.

The top level group is now being formed, with details on the debt facility to be made public only if the acquisition plans gain more steam, according to a Hong Kong-based banker, whose institution will have a leading role on the transaction.

Bright Food’s loan will have a ...

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