EQT sells Chinese bakery chain to Swire Foods
EQT has sold its 65% stake in Chongqing New Qinyuan Bakery, a retail bakery chain based in southwest China, to Swire Foods, a subsidiary of Swire Pacific.
The transaction size was not disclosed. EQT invested in the business four years ago via its second Greater China fund, which reached a final close of $545 million in late 2006. During the ownership period,...
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