Nestle to buy 60% stake in Hsu Fu Chi

 Nestle to buy 60% stake in Hsu Fu Chi

Nestle, the world's largest food company, agreed to buy a 60 percent stake in Hsu Fu Chi International, a Chinese candy and snack maker, for $1.7 billion in a bid to boost sales in the world’s second largest economy.

Nestle offered $3.56 for each share to acquire a 43.5 percent stake of Singapore-listed Hsu Fu Chi from key shareholders. It will then seek to buy another 16.5 percent stake from the controlling Hsu family. The Hsu family now owns a 56.5 percent stake of Hsu Fu Chi.

Hsu Fu Chi's profit rose 31 percent to 602.2 million yuan ($93 million) last year as sales grew 14 percent to 4.31 billion yuan.

The Guangdong-based confectioner, with a market value of about $2.6 billion, generates all its revenue in China where it sells candies, chocolates and pastries.

?雀巢公司今天宣布，已經(jīng)和徐福記的創(chuàng)始家族簽署了合作協(xié)議，以17億美元收購徐福記60%的股份。

雀巢公司提出，通過計(jì)劃安排方案收購徐福記獨(dú)立股東所持有的該公司43.5%的股權(quán)，收購價(jià)為每股4.35新元。如果這一方案被獨(dú)立股東批準(zhǔn)，雀巢公司隨后將再從徐氏家族目前持有的56.5%的股權(quán)中購得16.5%的股份。雀巢將為此支付21億新元(約合17億美元)。

據(jù)徐福記最新公布的財(cái)報(bào)顯示，2010年其全年的營業(yè)收入和凈利潤分別為43.1億元和6.022億元，同比分別增長14%和31%。

以經(jīng)營糖果、餅干等零食打通大陸內(nèi)銷網(wǎng)路的徐福記，短短十年間自東莞起家，市值已達(dá)26億美元。