date:Jul 04, 2013
retail analyst at a regional brokerage, who was not authorised to speak to the media.
As part of this consolidation, China Mengniu Dairy Co Ltd signed a second takeover deal in a month in June to buy Carlyle-backed Yashili International Holdings Ltd in a deal worth about HK$12.5 billion ($1.6 billion) as part of a plan to expand its milk powder business.
Domestic milk powder brands want to appeal to the rapidly growing middle-class, which can afford the pricier baby formulas made by their inte