Nestle to buy 60% stake in Hsu Fu Chi

 Nestle to buy 60% stake in Hsu Fu Chi

Nestle, the world's largest food company, agreed to buy a 60 percent stake in Hsu Fu Chi International, a Chinese candy and snack maker, for $1.7 billion in a bid to boost sales in the world’s second largest economy.

Nestle offered $3.56 for each share to acquire a 43.5 percent stake of Singapore-listed Hsu Fu Chi from key shareholders. It will then seek to buy another 16.5 percent stake from the controlling Hsu family. The Hsu family now owns a 56.5 percent stake of Hsu Fu Chi.

Hsu Fu Chi's profit rose 31 percent to 602.2 million yuan ($93 million) last year as sales grew 14 percent to 4.31 billion yuan.

The Guangdong-based confectioner, with a market value of about $2.6 billion, generates all its revenue in China where it sells candies, chocolates and pastries.

?雀巢公司今天宣布，已經和徐福記的創始家族簽署了合作協議，以17億美元收購徐福記60%的股份。

雀巢公司提出，通過計劃安排方案收購徐福記獨立股東所持有的該公司43.5%的股權，收購價為每股4.35新元。如果這一方案被獨立股東批準，雀巢公司隨后將再從徐氏家族目前持有的56.5%的股權中購得16.5%的股份。雀巢將為此支付21億新元(約合17億美元)。

據徐福記最新公布的財報顯示，2010年其全年的營業收入和凈利潤分別為43.1億元和6.022億元，同比分別增長14%和31%。

以經營糖果、餅干等零食打通大陸內銷網路的徐福記，短短十年間自東莞起家，市值已達26億美元。