Nestle agrees to buy Chinese sweets maker
By Thomas Mulier and Michael Wei | China Daily | Updated: 2011-07-12 07:19
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The purchase would be Nestle SA's largest acquisition in China, where Hsu Fu Chi's sales grew more than three times faster than Nestle's worldwide sales during the most recent fiscal year. Sha Lang / For China Daily |
Controlling family of Hsu Fu Chi will hold 40 percent of company
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