We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

Nestlé SA Settles On Six Major Bidders For Yinlu Foods Group

July 17, 2020: 12:00 AM EST
The list of bidders for the company’s Chinese business unit was trimmed to six, including three food and beverage companies and three private equity firms. Yinlu Foods Group, a maker of instant porridge and Nescafe ready-to-drink coffee, could fetch at least $400 million. Binding bids are due by the end of August from China Resources Beer Holdings Co., Tingyi Cayman Islands Holding Corp., Dali Foods Group Co., FountainVest Partners, Affinity Equity Partners, and Citic Private Equity Funds Company management have also been invited to participate in the bidding. Yinlu, which specializes in the production and sale of canned foods and beverages, was acquired by Nestlé in 2011.[Image Credit: © Yinlu Food Group Co., Ltd]
"Nestlé Narrows Bidders for Yinlu Foods Unit in China", Bloomberg News, July 17, 2020, © Bloomberg LP
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Market News
Mergers & Acquisitions
Geographies
Worldwide
Asia-Pacific
China
Categories
Companies
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Nestle
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.