HONG KONG China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value of over $516 million, a person with direct knowledge of the matter told Reuters on Sunday. Bright Food is buying 75% stake in Manassen, which is being sold by CHAMP Private Equity. The deal will mark Bright's biggest ever overseas acquisition, the person said, after missing out on some offshore transactions in previous few attempts. — Reuters
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