Seven Milk Producers to Bid for Sanlu at Weekend

From China Daily:

Seven milk producers, including Sanyuan, Wahaha and new competitor Yili, plan to bid for Group Co this weekend, the company shamed in last month’s milk scandal, according to today’s International Finance News.

Some other large dairy producers were also reported to have shown interest in the deal, including American-owned Feihe Dairy, southwestern Sichuan Province’s New Hope Group, and Wondersun.

But Mengniu Dairy Co Ltd, another milk giant, was excluded from the list for “its weak milk powder business”, said experts.

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