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Bright Food said to plan IPO for $1 Billion distribution arm

from Bloomberg

Bright Food Group Co., the Chinese owner of the Weetabix cereal brand, is planning a Hong Kong initial public offering for its distribution arm Manassen Foods that could raise more than $200 million, people familiar with the matter said. The Shanghai-based food conglomerate has hired an investment bank to prepare a listing for Manassen next year, the people said, asking not to be identified as the information is private. more

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