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China’s Yili lines up bid for Danone’s US yoghurt maker Stonyfield

China’s largest dairy company Yili Group said the other day it will bid “about $850m” for Stonyfield, the US organic yoghurt company owned by France’s Danone.

Yili had a turnover of $9.3bn in 2015, according to Rabobank, making it China’s largest dairy group, and the tenth largest in the world.

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