Bright Food Partners With Asian SWF to Buy Spanish Food Company
Posted on 08/07/2015
Shanghai-based Bright Food, a food conglomerate, is partnering with the China Investment Corporation (CIC) to acquire Girona-based Miquel Alimentació S.A, a Spanish food distributor. Bright Food is looking to take a 72% stake in Alimentació, while the CIC will invest 28%. The deal was based on a price-to-earnings multiple of 10. The deal is subject […]
