web analytics
August 30, 2014 / 4 Elul, 5774
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
Anti-Semitic Briitsh MP George Galloway poses with a lump on his head after being assaulted.
British Man Beats Up Anti-Semite George ‘Hitler’ Galloway
Latest News Stories
Anti-Semitic Briitsh MP George Galloway poses with a lump on his head after being assaulted.

We don’t condone violence, but let’s face it – Galloway had it coming to him. We wish a speedy recovery and a lifetime of laryngitis.

UN Troops look at smoke rising from Quneitra on the Syrian side of the Golan Heights. Aug. 27, 2014

The FIlipino UN troops were successfully extracted by Irish UN troops from the Syrian rebel siege.

Joan Rivers, 81, is in an induced coma following throat surgery on Thursday. Rivers suffered a heart attack during surgery.

ISIS in Quneitra

With new neighbors along our Syrian border, we thought we’d check out what they’re saying and what’s going on…

We wish a speedy recovery to Joan Rivers, the straight-shooting Jewish comedienne whose exact analysis of the war was, “Hamas started it.”

An IDF soldier who was critically injured last week by a rocket that hit Ashdod died from his wounds today. He is Israel’s 71st casualty in the war. Sergeant Natanel Maman, 21, from Gan Yavne, an Ordnance Corps soldier, was critically injured by a rocket that hit Ashdod last Friday. He was promoted posthumously from […]

More than 200,000 Muslims live in Michigan. Fifty of them showed up for a protest against ISIS.

Sofer, who may have died from dehydration after falling in a ravine while hiking, is being buried in Beit Shemesh.

The Boycott Israel movement, so far, is more bark than bite.

The bad news is that ISIS and Al Qaeda are on the Syrian Golan. The good news is that every terrorist in Syria is killing each other.

Netanyahu gets support from Congressmen on House Armed Services Committee

Some Chareidi entertainers thrilled the crowd on Jerusalem’s Ben Yehuda Street with some Jewish entertainment.    

Hamas’ supreme leader Khaled Mashaal dashed any hopes of long-term peace with Israel in a speech in Qatar on Thursday in which he shot from the hip at Israel and also at his terrorist organization’s new partner, the rival Fatah movement headed by Palestinian Authority chairman Mahmoud Abbas. His lengthy speech in Qatar, which has […]

Many of the Syrian soldiers were not armed when ISIS captured and then slaughtered them.

Police are still working to confirm the identity of a body that was found by searchers hunting for missing yeshiva student Aharon Sofer.

Iconic pro-Israel comedian Joan Rivers is in critical condition following a throat procedure.

More Articles from Jewish Press Staff
Dell Smitherman at The Jewish Press.

Smitherman has witnessed firsthand both how damaging income inequality has been to the poor and how it negatively impacts families and communities.

“It was embarrassing to be asked, Why is Egypt right now a better ally than America? Why is Israel doing more than the U.S. to protect Israel?”

An Uzbek couple has reportedly confessed under interrogation to the murders of a Turkish Jewish couple in Istanbul.

At least three terrorists are dead and nine others wounded in an IAF air strike in Gaza City following a day of non-stop rocket fire aimed at Israel.

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: