Business

Nestlé pays out €1.2bn for a majority stake in Hsu Fu Chi

Nestlé pays out €1.2bn for a majority stake in Hsu Fu Chi

By Jane Byrne

Nestlé has paid out bought €1.2bn for a majority stake in leading Chinese confectionery maker Hsu Fu Chi, with the Swiss group flagging up access to extensive production capabilities and a major distribution network as its wins.

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