China’s Bright Food Group will buy a majority stake in Tnuva, Israel’s largest food company, Reuters reported, citing a spokesman for the Shanghai-based multinational today. The spokesman said Bright Food has signed a preliminary agreement to buy 56% of the specialist daily produce supplier from private equity firm Apax, but did not disclose how much it has agreed to pay. Israeli news websites reported the deal valued all of Tnuva at US$2.5 billion (8.6 billion shekels). The spokesman cited Israel’s “highly developed agriculture and animal husbandry techniques” in reference to the acquisition.