How much is Bright Food Group prepared to spend on acquisitions?
Bright Food Plans Weetabix IPO by 2016
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Bright Food Group is pursuing global expansion by planning to list Weetabix and Minasan outside China by 2016, considering dual listings in Hong Kong, London, and Australia. The company aims to maintain majority stakes while accessing overseas capital. It is aggressively pursuing acquisitions, having already acquired Israel's Nueva Food Industries, and is exploring further deals in dairy, sugar, wine, and meat sectors, particularly in Australia and New Zealand.
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