Bright Food to buy United Biscuits

Private equity firms Blackstone and PAI Partners are planning to sell United Biscuits, a British-based biscuit company, to Chinese food company Bright Food, according to a report in the Sunday Times newspaper. The reports claimed that Bright Food had pre-empted a planned auction and was planning to buy United Biscuits for between 2 billion and 2.5 billion pounds ($2.6bn to $3.2bn).

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