Tianjin Goubuli Group Co. Ltd., a renowned Chinese food chain that was founded in 1858, said on Wednesday that it will acquire a well-known US-based coffee shop chain in the first half of this year, Tencent Finance portal reported the same day. The target firm, which was not identified, is said to own hundreds of coffee shops in more than 40 countries around the world. When completed, the deal would mark the largest offshore acquisition by a Chinese catering company, the report said. Chairman Zhang Yansen was quoted as saying that Goubuli has decided to expand through acquisitions.
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