China sweet on deal with United Biscuits

Jaffa Cakes, Twiglets and Mini Cheddars could be made by a Chinese firm in future, as a Shanghai-based company holds talks with United Biscuits.
China’s Bright Food group is understood to be negotiating with UB’s private equity owners, US firm Blackstone and French PAI Partners, about a deal worth in the region of £2 billion (€2.3bn).
UB employs 7,000 people in Britain at 11 factories and if the deal goes ahead, it will be the first time a Chinese company has taken outright control of a major European food company.
Bright Food already has diverse businesses that include a taxi firm, a canned foods division and the confectioner that makes China’s popular White Rabbit sweets.
United Biscuits’ owners previously considered listing the business before deciding to put it up for sale last month.

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