date:Jul 04, 2013
's dairy industry.
Last month, China Mengniu Dairy Co, the country's largest dairy producer, said it had offered to acquire a 75 percent stake in domestic baby formula maker Yashili International Holdings Ltd for $1.6 billion, in a bid to boost its presence in the country's dairy industry.
The acquisition would be the largest single deal in the domestic dairy industry.
Meanwhile, Groupe Danone SA has recently invested in two joint projects with Mengniu, a move that will help to improve the Fr