FBC Advises China's Bright Food Group in its Acquisition of the Controlling Interest in Tnuva at a Company Value of NIS 8.6B

June, 2014 - Tel Aviv, Israel

The Chinese government's Bright Food Group signed an agreement to buy control of Tnuva Food Industries Ltd. from Apax Partners. The sale is being made at a company value of NIS 8.6 billion which will bring a profit of NIS 4 billion to Apax (56% stake) on which it will not be required to pay any tax.

As part of the agreement, Bright Food is committed to keep Tnuva center of operations in Israel including management, production and development.

Lead advisers from Fischer Behar Chen Well Orion & Co.include Amir Chen & Avraham Well & Tal Eyal-Boger & Yoram Bonen & Ron Sitton & Dan Tzafrir & Boaz Noiman & Shelly Ivgi-Golbary & Moran Friedman & Noya Kislev & Moran Rabbia-Perera & Keren Cohen & Carolyn Zeimer & Amir Pintow.

Complete details can be read as published by Globes [online], Israel business news - www.globes-online.com

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