Nestlé confirmed that it "is engaged in preliminary confidential discussions with Hsu Fu Chi." but added that it has no further comments to make at this stage. "Strategically, we would view the deal positively since it would give Nestlé access to China’s fast-growth $6bn confectionery market and allow the group a number of international cross-selling opportunities,” claim...
Nestlé acquires Hsu Fu ChiinPosted by Turgut Ziyal on Friday, July 8, 2011,
In :
Mergers and Acquisitions
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