Monday, 13 July 2009 08:48
Hopu and COFCO Buys Mengniu.
News.xinhuanet.com are reporting that Hopu and China National Oils, Foodstuffs and Cereals Corp (COFCO) will invest 20% into China Mengniu Dairy Co. The two companies combined are expected to invest approximately US$ 800,000,000 – the biggest deal ever seen in the Country’s food industry.
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