EQT Greater China sells Qinyuan Bakery
The EQT Greater China II Fund (“EQT Greater China”) has sold its 65% equity stake in Chongqing New Qinyuan Bakery Co., Ltd. (“Qinyuan Bakery” or the “Company”), a leading retail bakery chain in Southwest China, to Swire Foods Holding Limited (“Swire Foods”), a subsidiary of Swire Pacific Limited. Established in 1989 and currently operating a network of 460 stores in Chongqing, Guizhou and Sichuan, Qinyuan Bakery produces and serves pastries, cakes, cookies, beverages, mooncakes and rice dumplings. Its unique selling concept includes a long-established brand, a strong value proposition,