China Buys Israeli Food Conglomerate Tnuva – Lazar Berman (Times of Israel)
(dailyalert.org, May 22, 2014)
The Chinese government’s Bright Food Group, China’s second-largest food company, bought a controlling stake in Israeli dairy conglomerate Tnuva on Wednesday for $2.5 billion.
Tnuva, which controls more than 70% of the dairy market in Israel, started out 80 years ago as a cooperative owned by kibbutz dairy farmers.
(Click on the article’s title to see the whole article…Ed.)