The deal comes as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney.
In 2012, Australia approved Ruyi's $158.04 million purchase of an 80% stake in Cubbie.
The shift comes after a public inquiry exposed misconduct at AMP and other listed fund managers.
Campbell's international unit was put up for sale in August last year after the company was pressured by investors to improve profitability and stock
The PE firm is getting ready to bid for Campbell Soup's international brand portfolio with a valuation of A$3 billion ($2.10 billion).
IPOs & Markets
The listing would be the biggest on the Australian bourse since Viva Energy's $4.86 billion IPO last July.
The staff exodus follows several senior exits in recent months - including its CEO and chairman - amid differences over strategy with the broker’s s
The Sydney-based firm is expected to receive the final commitments for its Fund VI in coming weeks.
The nation’s anti-trust regulator blocked the $10 billion merger of TPG and Vodafone Group Plc citing competition concerns
Macquarie Capital has relinquished its operating license in Saudi Arabia.
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