U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest from the country in recent years. The company has hired Goldman Sachs to advise on the sale and sent preliminary information to potential buyers including a number of private equity firms, said two of the people, adding the sale process was at an early stage. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 billion, one of the people said.
U.S. meat and
processed food maker Tyson Foods plans to sell its China
poultry business, three people with knowledge of the matter
said, in the latest case of a multinational firm looking to
divest. -Today at 01:13 am- MarketScreener
Exclusive: Tyson Foods plans to sell China poultry business reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China Evergrande
New Energy Vehicle Group shares jumped nearly
50% on Tuesday after the electric vehicle unit of cash-strapped
property firm China Evergrande Group announced a $3.2
billion plan to. -Today at 02:47 am- MarketScreener
China Evergrande NEV shares jump on $3 2bln plan to lower debt zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.