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China Buys Israeli Food Conglomerate Tnuva

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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.)

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  • Published: 7 years ago on May 22, 2014
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  • Last Modified: May 22, 2014 @ 10:08 am
  • Filed Under: International, Israel

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