Nestle's (NSRGY) bid for Chinese confectioner and snacks maker Hsu Fu Chi International was under review, according to July 15 reports.
If completed, the deal would represent one of the largest takeovers of a Chinese company by a foreign one.The Chinese Commerce Ministry's anti-monopoly bureau was evaluating the bid, according to state-run news agency Xinhua. Earlier this year Nestle acquired a 60% stake in China's Yinlu Foods Group for an undisclosed amount. The acquisition boosted its dairy business in the region.
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