MENGNIU, MODERN DENY CHINA DAIRY ACQUISITION RUMOURS
August 1st, 2012
BY WANG FANGQING, IN SHANGHAI
China's leading dairy products manufacturer Mengniu has denied rumours it is set on acquiring Modern Farming, a major domestic raw milk supplier based in the eastern Anhui province whose major shareholders include global investment company KKR&Co. "We are not in discussion with any company in terms of acquisition," said a Modern spokesman, while a Mengniu spokesman declined to comment. And while Mengniu's 2011 annual report stressed the company is planning to invest heavily to improve milk sources through developing ...
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