China's state-owned Bright Food Group has agreed to buy a 60 percent stake in British cereal firm Weetabix Food Co from private equity firm Lion Capital
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Private equity firm Lion Capital is in talks to sell Weetabix, one of Britain's biggest breakfast cereal producers, to Chinese government-backed food and dairy group Bright Food for about 1 billion pounds ($1.61 billion), banking sources said on Monday.
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