Interested private equity firms are said to include The Blackstone Group, The Carlyle Group and TPG Capital. However, the potential buyers may find it difficult to clinch a deal because of a high asking price and a lack of operating experience in the juice market.
Spurred by the report, Huiyuan shares moved up 3.131%. The company, however, declined to comment, saying that its focus was on production and sales.
There are widespread reports that the Beijing-headquartered company is looking for buyers after a proposed deal with The Coca-Cola Company was turned down by the Chinese government in March 2009.
Source: TradingMarkets Online
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