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Bright Foods denies Treasury bid
China’s Bright Food Group said yesterday it was not in discussions to buy any Australian wine assets, denying a media report that it was in internal talks on bidding for Australia’s Treasury Wine Estates. “Currently, we have no Australian wine acquisitions in the works,” said Pan Jianjun, general manager of the firm’s public relations department. However, Pan said the Shanghai-based conglomerate could consider acquiring wine assets in Australia, France, Chile and the US to broaden its brands portfolio, which currently includes labels such as Shikumen and He Jiu. Reports last week suggested Bright Food was considering making an offer for Treasury Wine Estates.