Two billion deal on the horizon: the Bright Food would buy a confectionery producer

China's Bright Food have secret talks over the acquisition of the British, United Biscuits (UB). According to the informations of The Sunday Times; the Shanghai-based company would buy the confectionery producer for about 2 – 2.5 billion pounds.

Known for its McVitie's and Twiglets brands, UB also operated in Hungary: in 1991 it privatized the Győri Biscuit Factory, then in 2000 – transferred its interests to Danone. The UB is currently owned by financial investors. The Blackstone and the PAI Partners have already indicated in July, that they would sell the company – reports Népszabadság Online.