110711 -- BEIJING, July 11, 2011 Xinhua -- Photo taken on July 11, 2011 show the headquaters of Nestle China Ltd. in Beijing, capital of China. Nestle announced Monday that it has entered into a partnership agreement with Hsu Fu Chi International Ltd., currently China s biggest confectioner by market value, listed in Singapore. Under the proposed agreement, Nestle intends to acquire 60% of Hsu Fu Chi whilst the Hsu family will own the remaining 40%. If successful, the transaction will greatly reinforce the presence of Nestle in China, making Nestle to be the leading confectionery producers in

110711 -- BEIJING, July 11, 2011 Xinhua -- Photo taken on July 11, 2011 show the headquaters of Nestle China Ltd. in Beijing, capital of China. Nestle announced Monday that it has entered into a partnership agreement with Hsu Fu Chi International Ltd., currently China s biggest confectioner by market value, listed in Singapore. Under the proposed agreement, Nestle intends to acquire 60% of Hsu Fu Chi whilst the Hsu family will own the remaining 40%. If successful, the transaction will greatly reinforce the presence of Nestle in China, making Nestle to be the leading confectionery producers in Stock Photo

RMID:2RKGE9T

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Imago / Alamy Stock Photo

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2RKGE9T

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37.7 MB (764.2 KB Compressed download)

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4548 x 2896 px | 38.5 x 24.5 cm | 15.2 x 9.7 inches | 300dpi

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11 July 2011

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110711 -- BEIJING, July 11, 2011 Xinhua -- Photo taken on July 11, 2011 show the headquaters of Nestle China Ltd. in Beijing, capital of China. Nestle announced Monday that it has entered into a partnership agreement with Hsu Fu Chi International Ltd., currently China s biggest confectioner by market value, listed in Singapore. Under the proposed agreement, Nestle intends to acquire 60% of Hsu Fu Chi whilst the Hsu family will own the remaining 40%. If successful, the transaction will greatly reinforce the presence of Nestle in China, making Nestle to be the leading confectionery producers in China. However, the completion of the transaction is still subjected to the anti-monopoly investigation of China s Ministry of Commerce. Previously, Nestle formally acquired Yunnan Shanquan, a big bottled water brand in southwest China s Yunnan Province in 2010, and also bought 60 percent of PUBLICATIONxNOTxINxCHN

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