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Nestle to buy stake in Chinese sweets maker for $1.7bn

By Red Wolf

11 July 2011

31 second read

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In Business, Food

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Food giant Nestle has taken a big step towards expanding its operations in China, one of the world’s biggest consumer markets.

It has agreed to buy a 60% stake in the Chinese sweets and snack maker, Hsu Fu Chi International, for $1.7bn (£1bn) — via redwolf.newsvine.com

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