date:Jun 19, 2013
n confidence among consumers in a market that is growing at about 20 percent a year.
KKR nearly tripled its original investment in Mengniu from the sale, a person with direct knowledge of the matter told Reuters at the time.
Based on the offer price, Carlyle's stake in Yashili is worth $388 million, or nearly two times its original investment in 2009. Yashili shares were halted at HK$3.33 last Thursday, up 63 percent this year.
GROWING MARKET
China's infant formula market is expected to grow