web analytics
April 2, 2015 / 13 Nisan, 5775
At a Glance
News & Views
Sponsored Post


Done Deal: China’s Bright Food Buys Israel’s Tnuva

What will happen to Tnuva if diplomatic relations ever falter between Israel and China?
How will the purchase of Tnuva by China's Bright Food group affect the Israeli dairy firm's product?

How will the purchase of Tnuva by China's Bright Food group affect the Israeli dairy firm's product?
Photo Credit: Screenshot

The Chinese government’s ‘Bright Food’ group inked the deal this morning (Thursday) to purchase Israel’s national dairy company, Tnuva, from Apax Partners for NIS 8.6 billion.  The Israeli government had no part in the deal.

Apax, which owns a 56 percent stake in the firm, will make a cool NIS 4 billion on the deal, and will not be required to pay any tax, according to a report posted on the Globes business news website.

The national kibbutz movement, which owns 23 percent of the company’s shares, did not sell. But Mivtach-Shamir Food Industries, which owns 21 percent of the company, is still negotiating, according to the report.

In a statement released to media, Bright Food said, “We are proud to acquire Tnuva. For us this is a long-term sound investment that will help Tnuva become a company that enters global markets. It is our intention to continue to keep Tnuva as an Israeli company and continue cooperating with all relevant local bodies including employees, farmers, and cattle farmers to faithfully serve the Israeli consumer.”

Under the terms of the deal, Tnuva’s CEO will be Israeli and its chairman of the board will be Chinese, from the Bright Food group. Its center of operations will remain in Israel as well.

Prime Minister Binyamin Netanyahu has been deeply invested in strengthening ties economically and diplomatically with China, and bilateral commercial ventures have risen over the past several years. Tourism projects between Israel and China has increased as well.

However, it is not clear what would happen if diplomatic relations between Israel and China were ever to falter, or if for some reason Israeli consumer regulations differed from those preferred by the Chinese food conglomerate.

The bottom line remains: What will happen to Tnuva — and by extension, to the Israeli dairy consumer — if relations between the two countries go sour?

About the Author: Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.


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.

One Response to “Done Deal: China’s Bright Food Buys Israel’s Tnuva”

  1. Yechiel Baum says:

    TNUVA'S CHINESSE TAKE OUT!

Comments are closed.

Current Top Story
Faience amulets depicting images of Egyptian gods.
Egyptian Culture Rife in Israel ‘For Years’ After Exodus
Latest News Stories
Leonard Nimoy and Star Trek's Jewish stars, William Shatner. DeForest Kelley, who played "Bones," the ship's doctor, typically used the tricorder to examine his patients. Spock used the tricorder to collect scientific data.

Israeli scientists at Tel Aviv University’s School of Electrical Engineering are in the process of bringing the iconic Star Trek “tricorder” to life.

Faience amulets depicting images of Egyptian gods.

Israeli archaeologists prove Egyptian culture was rife in Israel “for years” after the Exodus.

Two cops were hurt Wednesday and a female bomber was killed in a shootout outside Istanbul’s police headquarters.

Destruction in Gaza during Operation Protective Edge, summer 2014.

A Gazan who sold a Bansky painted on his bombed-out doorway to a local artist for NIS 700 (about $175) says he was tricked.

Sixty-five years after a group of Arab nations signed a mutual defense treaty whose primary target was the newly-reestablished state of Israel, Arab leaders agreed Sunday to activate it by setting up a joint military force. The move comes amid spreading Islamic extremism and Iranian muscle-flexing in the region. The in-principle decision was made at […]

A table was set up in Tel Aviv’s Rabin Square for all the Israelis who have gone missing.

They chatted a bit, Boehner congratulated Netanyahu on his election victory, and then the two went for lunch.

As Iranian general calls for Israel’s destruction, P5+1 talks on concessions to Iran continue.

Belgian insurance companies refuse to insure Jewish kindergartens due to the risk of anti-Semitic attacks.

France has left the US-led nuclear talks with Iran in Lausanne, saying it will return when it is ‘useful.’

Obama finally stops punishing Egypt for overthrowing the Muslim Brotherhood’s Morsi

The IDF will have hard choices to make in the next war with Hezbollah.

Chaim Topol, has been awarded the Israel Prize for lifetime achievement.

The Knesset opening session was buzzing with new faces, as 39 new Members of Knesset joined their veteran colleagues in the swearing in ceremony.

The Temple Institute renacted the entire Pesach sacrifice ceremony.

More Articles from Hana Levi Julian
Leonard Nimoy and Star Trek's Jewish stars, William Shatner. DeForest Kelley, who played "Bones," the ship's doctor, typically used the tricorder to examine his patients. Spock used the tricorder to collect scientific data.

Israeli scientists at Tel Aviv University’s School of Electrical Engineering are in the process of bringing the iconic Star Trek “tricorder” to life.

Faience amulets depicting images of Egyptian gods.

Israeli archaeologists prove Egyptian culture was rife in Israel “for years” after the Exodus.

Two cops were hurt Wednesday and a female bomber was killed in a shootout outside Istanbul’s police headquarters.

A Gazan who sold a Bansky painted on his bombed-out doorway to a local artist for NIS 700 (about $175) says he was tricked.

Belgian insurance companies refuse to insure Jewish kindergartens due to the risk of anti-Semitic attacks.

France has left the US-led nuclear talks with Iran in Lausanne, saying it will return when it is ‘useful.’

Colel Chabad and IFCJ have made sure thousands of Israelis will celebrate Passover with good food this year.

Today on the Hebrew calendar is the 10th of Nisan – the day the People of Israel crossed into their new Land.

Printed from: http://www.jewishpress.com/news/breaking-news/done-deal-chinas-bright-food-buys-israels-tnuva/2014/05/22/

Scan this QR code to visit this page online: