web analytics
August 21, 2014 / 25 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Chinese Negotiating to Buy Dairy and Agriculture Giant Tnuva

The Tnuva dairy plant in Kibutz Tel Yosef, Israel.

The Tnuva dairy plant in Kibutz Tel Yosef, Israel.
Photo Credit: NRG

Negotiations over the sale of control stock in the Israeli Tnuva dairy and agricultural product giant have been moving forward in recent days, according to the daily Isarel Hayom. The company’s controlling shareholders—British investment firm Apax and Mivtach Shamir Food Industries Ltd.—appear interested in selling the Apax share in the company to the Chinese Bright Food Group.

According to sources close to the negotiations speaking to Israel Hayom, if the deal goes through it would be for between $2.4 and $2.7 billion. The deal is said to be on a positive track, but the Chinese are not planning to send representatives to Israel in the near future.

The Chinese did appoint local professional representatives to examine every aspect of the purchase.

Apax and Mivtach Shamir today control about 76.7 percent of Tnuva, while the rest of the shared are still owned by the 620 moshavim and kibbutzim that founded the Tnuva cooperative back in 1926. Tnuva is the largest dairy products manufacturer in Israel; its sales account for 70% of the country’s dairy market as well as sales of meat, eggs and packaged food.

Tnuva employs 6,630 workers.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

10 Responses to “Chinese Negotiating to Buy Dairy and Agriculture Giant Tnuva”

  1. China has been doing the same in NZ, the world's biggest supplier of dairy products. http://www.victoria.ac.nz/research/expertise/business-commerce/china-trade-investment

  2. Les Legato says:

    Anyone who buys and eats food produced by a Chinese-controlled company is a moron. If the sale goes through I predict Tnuva going bankrupt.

  3. Not good news.

    T'nuvah has been the focus of exposes for extreme animal cruelty and outrageous pricing of their products.
    It was boycotted for a long period of time by many activists.
    The only products I buy from Tnuvah is their rice milk and their soy drink because I am trying to encourage them to adopt humane policies.
    Many in Israel have become Vegetarian, even Vegan, like me after seeing those exposes.

    There was talk of the Israeli public buying Tnuvah.

  4. Roy Masson Strange, your comment has gone a terrible shade of livid green. Why is that? You really must complain.

  5. Chaiya Eitan says:

    NO NO NO!!!

  6. Kind of like the Chinese purchase of our local Smithfield foods in Virginia (USA)-mostly pork products which, of course, won't be found in Israel! Have to wonder what the Chinese are up to, controlling the food supply-hmmmmm!

  7. It's probably never good for any country wanting to maintain its own sovereignty to have foreign companies or countries running its food production. Even if they run the business the same as it's always been, the profits will leave the country, and those profits could be used to strengthen the homeland. China isn't doing this to take over the world though…they just know that everybody has to eat and there's money in things that people have to keep purchasing, and by investing in as many markets as possible abroad, they strengthen their own homeland. The real problem is the capital class that only has one true motivation – personal gain. If more of the profits coming from certain industries around the world were to stay in their home countries, we'd have far less distress around the world in places like Africa – but no, the global investors only think about their own futures, not the fate of the nations in which they rob.

  8. This is a big mistake, becouse Israel will losing stragety.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
US President Barack Obama speaking on the phone last month aboard Air Force One.
US Reveals Failed Summer Mission to Rescue Captured Journalist
Latest News Stories
US President Barack Obama speaking on the phone last month aboard Air Force One.

There was a failed secret US mission earlier this summer to rescue American hostages in Syria.

Islamic State terrorists start out young.

The Islamic State is getting a lot of bad publicity lately, which actually proves how successful they are.

James Foley and his Islamic State executioner.

Islamic terror coming soon to your favorite neighborhood street theater.

Netanyahu, Ya’alon and Gantz’s comments: War until there is total quiet and everyone can sleep at night.

The ZIM ship was quickly and efficiently unloaded – despite the best efforts by the Jihadi supporters to block it.

11:06pm Sapir, Ashdod, Ashkelon, Sderot, Gaza border, Ashkelon, Ashkelon, Ashkelon 10:17pm Kerem Shalom 9:04pm Ashkelon Coast 8:49pm Eshkol 8:12pm Eshkol 7:47pm Eshkol 7:44pm A Hamas spokesperson has warned airlines to not fly into Ben-Gurion starting 6am tomorrow (Thursday), according to a YNet report. It’s actually things like that that makes Israel hit Hamas even harder. 7:35pm Kerem […]

Don’t you feel just a tad jealous of Egypt right now?

Israel’s Security Cabinet is meeting in a marathon session to decide the next step in Operation Protective Edge.

More than 1,550 individuals have immigrated to Israel from Ukraine in the first five months of 2014 alone, more than double the 693 who arrived in the corresponding period last year.

Signs that Islamic State (ISIS – Islamic State in Iraq and Syria) terrorists have arrived in Egypt have appeared in the Sinai Peninsula.

Shlomy Zachary, an Israeli human rights lawyer, noted that Israeli cooperation with previous UN investigations has helped mitigate criticism of Israel – for example, in a 2010 UN investigation of the so-called flotilla incident.

Israelis may have to blame Qatar for the current round of lethal rocket fire, if a report published in Arab media is true.

So imagine, you’re working in the field harvesting cucumbers (or whatever is in season right now) and suddenly the siren goes off – Hamas is shooting rockets at you.

More Articles from Jewish Press Staff

Signs that Islamic State (ISIS – Islamic State in Iraq and Syria) terrorists have arrived in Egypt have appeared in the Sinai Peninsula.

One by one, slowly but surely, the State Dept.is waking up.

Six Jewish youths were detained in Jerusalem Saturday night in connection with two alleged anti-Arab attacks and attempts to incite.

A hareidi man playing with his child at Sacher Park in Jerusalem, on August 14, 2014, during summer vacation.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/breaking-news/chinese-negotiating-to-buy-dairy-and-agriculture-giant-tnuva/2014/02/11/

Scan this QR code to visit this page online: