Cows get milked at a milking station owned by Mengniu in Hohhot, north China's Inner Mongolia region. Photo: AP

Mengniu’s deal to increase China Modern Dairy stake seen as rescue by some, synergy by others

Mengniu is increasing its stake in CMD, which controls China’s largest cattle herd, from 25.4 to 39.9pc by buying a 9.8pc stake from another investor, KKR

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Cows get milked at a milking station owned by Mengniu in Hohhot, north China's Inner Mongolia region. Photo: AP
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