日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Companies

Bright Food may want to purchase vintner

(China Daily)
Updated: 2011-07-05 13:52
Large Medium Small

Melbourne, Australia/SHANGHAI - Treasury Wine Estates Ltd rose by a record in Sydney trading as two people familiar with the matter said China's Bright Food Group Co is considering making an offer for the world's second-largest winemaker.

The vintner surged as much as 11 percent, the largest intraday gain since Treasury shares began trading on May 11. Closely held Bright Food, Shanghai's biggest food and dairy producer, has had internal talks about a bid for the Melbourne-based maker of Penfolds Grange, said the people, who asked not to be identified because the discussions are private.

Related readings:
Bright Food may want to purchase vintner Bright Food to put bond sale on menu
Bright Food may want to purchase vintner Bright Food to renew efforts for overseas asset purchases
Bright Food may want to purchase vintner China Bright Food plans $916m raising
Bright Food may want to purchase vintner Bright Food keen on Yoplait stake to grow business

Bright Food's potential interest in Treasury follows a failed offer for 50 percent of French yogurt maker Yoplait SA and being outbid by Wilmar International Ltd for CSR Ltd's sugar unit. Foster's Group Ltd, which spun off Treasury in May, last month rejected a A$9.5 billion ($10.2 billion) takeover offer for the brewing business from SABMiller Plc as too low.

"After a few failed attempts in recent months, understanding of the regulatory and business environment as well as management skill is the key for them to succeed this time," said Wu Zhengwu, an analyst at AJ Securities Co in Shanghai.

"It is a right approach for Bright Food to make overseas acquisitions if it aims to become a global food company."

Treasury, with brands including Lindemans and Beringer, noted the report of talks at Bright Food and said it has no other unannounced information to explain the share-price gains, according to a stock exchange filing.

Rebecca Smith, a spokeswoman for Treasury, declined to comment beyond the statement. Bright Food is considering Australian wine assets for acquisition, Pan Jianjun, a Shanghai-based spokesman, said on July 1.

Treasury is Australia's largest winemaker and ranks behind only Constellation Brands Inc in global wine sales. Foster's spun it off after more than A$2.5 billion of writedowns triggered by a glut of grapes and gains in the Australian dollar that slashed earnings.

Foster's rejected an offer worth as much as A$2.7 billion from an unidentified buyout firm for the wine unit in September, saying it "significantly" undervalued the business.

"Any potential buyer has to go in for the long term, as in five years and beyond," said Theo Maas, who helps manage A$5.4 at Arnhem Investment Management in Sydney. "The two big macro drivers for Treasury, in the currency and wine market itself, haven't improved."

Bright Food may raise as much as 6 billion yuan ($928 million) this year selling bonds and listing a unit to fund acquisitions and boost production capacity, Chairman Wang Zongnan said in an interview on April 1.

Bloomberg News

分享按鈕
主站蜘蛛池模板: 日韩在线不卡视频 | 亚洲成人二区 | 国产小视频网址 | 日韩大奶子 | www.久久精品视频 | 亚洲一区在线播放 | 九九热精品视频在线播放 | 四虎影视在线播放 | av在线网站观看 | 激情五月婷婷综合 | 午夜免费网址 | 91丝袜一区在线观看 | 一道av| 亚洲精品高清视频 | 国产视频一级 | 亚洲免费高清视频 | 成人性视频在线 | 性视频软件 | 成人污视频在线观看 | 亚洲一区二区三区四区在线 | 伊人久久久久久久久久久久 | 国产成人自拍视频在线 | 国产精品久久久久久久久免费 | 你懂的在线视频网站 | 午夜生活片 | 国产日韩免费视频 | 色综合88 | 97国产超碰 | 蜜桃在线一区 | 日韩美女久久 | 人人综合 | 最色成人网| 麻豆国产91在线播放 | av在线高清观看 | 九九国产精品视频 | 男人天堂中文字幕 | 永久免费看mv网站入口 | 69国产在线 | 国产91在线看 | 麻豆久久久久 | 玖玖精品在线视频 |