Report: Completion Of Tnuva-Bright Food Sale Postponed 45 Days

August 19, 2014 | According to a “Globes” report, the completion of Chinese food giant Bright Food’s acquisition of Tnuva will be put off by 45 days, until October 5th. The completion of the sale was put off until Tnuva’s products receive approval from the Chinese Food and Drug Administration. Each side in the deal is permitted to postpone the deal for up to three months from October 5th, meaning that the deal could be completed only in January 2015. Last May, Tnuva was sold to Bright Food for about $2.4 billion (NIS 8.6 billion).