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China dairy giants downplay poisoning scandal in hunt for big deals
Yili Industrial and China Mengniu are milking their all-time high earnings to snag foreign acquisitions
The focus for Mengniu and Yili is to build an upstream supply on foreign grass: they have both made bids for Australia's biggest dairy producer, Murray Goulburn, for A$1 billion.
PHOTO: BLOOMBERG
Shanghai
A DECADE after Chinese dairy companies were roiled by a scandal that poisoned thousands of children, investors are seeing the biggest players as safe bets.
Inner Mongolia Yili Industrial Group Co and China Mengniu Dairy Co have soared to all-time highs as the companies...
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