Seeking control and confidence, China diary buys KKR milk stake

Reuters

China Mengniu Dairy Co Ltd's (2319.HK) deal to buy a $410 million stake in China's largest unpasteurized milk producer is a strategic move to rebuild trust after a series of scandals left local brands' reputations in tatters. "It is a deal which benefits all parties, of which the private equity funds are seen to be the biggest winner," Sunwah Kingsway Group Research analyst Steve Chow said.

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