China's Bright Food Has Highest Bid for Yoplait

Chinese company Bright Food presented the highest bid for a 50% stake in Yogurt maker Yoplait, which is currently owned by private equity firm PAI Partners, Reuters reported, citing a report in the French newspaper Le Figaro. Bright Food valued the French yogurt company at roughly $2.3 billion. Yoplait is half-owned by PAI Partners and French farming cooperative Sodiaal. PAI hired banks in September to help it exit the investment, Reuters said.

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