Wagas: Advent buys majority interest in Chinese bakery chain Wagas
US-based buyout firm Advent International has acquired a 60% interest in Chinese healthy food and bakery chain Wagas from its founding shareholders for an undisclosed amount, according to a press statement.
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Wagas is a China-based company that owns and operates a chain of bakeries that produces and distributes food items such as bread, pastries and cakes.
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