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    Client Highlights

    S&C Advises China Mengniu Dairy in Reaching Agreement with Danone on Three Transactions and Privatization of Yashili

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    May 31, 2022

    On May 6, S&C client China Mengniu Dairy (Mengniu), one of China’s leading dairy products producers, announced that it reached an agreement with Danone to unwind their existing relationships via three transactions.

    (1) Mengniu will acquire Danone’s 20 percent interest in joint ventures which primarily produce and sell chilled yoghurt and dairy-based products in China, Hong Kong and Macau, for a maximum consideration of $238 million.

    (2) Mengniu will sell subsidiary Yashili’s interest in Dumex, China to Danone for approximately $130 million.

    (3) Mengniu will acquire Danone’s 25 percent interest in Yashili for approximately $181 million.

    Mengniu has also announced its intention to privatize Yashili for approximately $174 million.

    The S&C team advising Mengniu consisted of Gwen Wong in Beijing and Rosana Tse and Esther Ho in Hong Kong.

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    Rosana Tse Headshot Photo
    Rosana Tse
    Hong Kong
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    Gwen Wong Headshot Photo
    Gwen Wong
    Beijing
    +86-10-5923-5967
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