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Exclusive: China's Kam Fung in $1.2 billion talks for Spain's Incarlopsa - sources

Reuters  |  HONG KONG/MADRID 

By Julie Zhu and Andres GonzálezHONG KONG/MADRID (Reuters) - China's Kam Fung Group Company Ltd is in talks to acquire the bulk of Incarlopsa, in a deal that would value the Spanish meat producer at 1 billion euros ($1.2 billion), people with knowledge of the matter said.The potential deal comes as Chinese investors are gradually renewing their interest in overseas acquisitions as Beijing begins to ease tough currency controls it introduced to limit capital flight in late 2016.Kam Fung, a privately-held Chinese investment firm, is looking to buy a 95 percent stake in Incarlopsa, which is ...

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First Published: Mon, April 16 2018. 22:34 IST
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