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China greenlights Nestle's (NSRGY.PK) plan to buy a 60% stake in Hsu Fu Chi, China's biggest...

China greenlights Nestle's (NSRGY.PK) plan to buy a 60% stake in Hsu Fu Chi, China's biggest confectioner. At $1.7B, it's one of the biggest deals by a foreign company in China, easing concerns that regulators are on a protectionist bent.
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