Fosun, Sanyuan to buy margarine maker from European GP
Chinese conglomerate Fosun Group has teamed up with Beijing Sanyuan Foods to buy French margarine maker St Hubert from Montagu Private Equity for EUR625 million ($734 million).
Founded in 1904, St Hubert is a leading player in the spreads market in France and Italy. It produces a variety of low-fat spreads for bread and cooking, with sales amounting to more than 35,000 tons every...
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