Unitas, PEP may sell Independent Liquor stake to Chinese firm
China Bright Foods Group is among the potential bidders for a stake in Independent Liquor, a New Zealand beverages group owned by private equity firms Unitas and Pacific Equity Partners (PEP). The Shanghai-based company is keen to expand overseas through acquisitions.
Independent Liquor recorded revenues of NZ$414.4 million ($334 million) last year, but posted a loss of NZ$22.7 million. It currently has debts of NZ$693 million. According to Reuters, the company had...
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