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Danone to raise stake in China Mengniu Dairy for $665 million
date:Feb 13, 2014
China's dairy industry is dominated by local companies including Modern Dairy, China Huishan Dairy Ltd (6863.HK) and YST Dairy (1431.HK). But foreign players have taken a significant role in niche markets such as milk powder after a 2008 food safety scandal.

Mengniu plans to use the proceeds to cut debt. Deutsche Bank advised China Mengniu, the Chinese company said.

12/22 06:35