Mengniu acquired Ashley with a HKD 12.46 billion deal

By | June 18, 2013

Mengniu Dairy announced today that it has made a full purchase of Ashley Dairy, the agreed price is HKD 3.50 per share, a premium of approximately 9.4% compared to Ashley’s closing price of HK $ 3.2 per share on June 11. The total cost of the deal is HKD 12.46 billion. This is the biggest acquisition in the domestic milk industry in recent years.

It is worth noting that in the past year, the dairy giant had taken a number of acquisition activities involving upstream farming enterprises, milk producers and similar enterprises in China as well as in the international market. Through series of acquisitions, the Chinese dairy giant is significantly speeding up its industrial restructuring

Profile of Guangdong Yashili Group Co., Ltd

yashily

Guangdong Yashili Group Co., Ltd

Established in 1983, experienced more than 20 years, Yashili grow up as the world famous modern large-scale enterprises from a small workshop which just has more than ten employees and the capital is less than RMB50,000.The group now is composed of seven companies—foodstuff, dairy, nutrition health care, packaging and printing, etc.Nowadays the headquarters occupied 138 thousand square meters, and the new industrial city occupied more than 1200 acres, also have the producing bases of milk & soybean milk powder sources in Heilongjiang, Shanxi, Zhengzhou, etc.

Profile of China Mengniu Dairy Company Limited

mengniu

China Mengniu Dairy Company Limited (Chinese: 蒙牛; SEHK: 2319)

Founded in August 1999, Mengniu is industrial leader in the dairy industry in China. Since mid-July 2009 COFCO Group has become the largest shareholder of Mengniu; In August, COFCO president succeeded the founder chairman Niu Gensheng as the CEO of the group.

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