date:Sep 28, 2012
long time, so we are looking for opportunities on a global scale.
Chinese expansion
The contract with Biostime came within days of Arlas strategic agreement with Chinese food company, COFCO Corporation.
Through its deal with COFCO, Arla became an indirect shareholder in Mengniu Dairy Company holding an approximate 6% interest in the firm.
The agreement allowed Arla increased access to sales and distribution channels in China.
Arla has denied, however, that it has further plans in the Chine