date:Jun 16, 2012
Under the agreement with Mengniu and Chinas leading food and beverage firm COFCO Corporation, Arla has become an indirect shareholder of Mengniu Dairy Company holding an approximate 6% interest in the firm.
COFCO is the single largest shareholder of Mengniu, holding a 20% interest in the company.
The deal, which involves an investment of DKK1.7bn ($290m, 230m), will effectively see Arla capture a 30% stake in COFCOs 20% - or an overall 6% of Mengniu.
Arla may also nominate one director to th