Yili (600887.SH) to buy no more than 51 pct stake in Pakistan’s Fauji Foods

Beijing – China's dairy giant Inner Mongolia Yili Industrial Group (600887.SH) said on Tuesday that it intended to negotiate with FFBL and other shareholders on acquisition of no more than 51 percent of voting shares or control rights of Fauji Foods Limited.

Fauji Foods Limited, a subsidiary of FFBL, is a listed company in Pakistan and is engaged mainly in production and sale of dairy products. 

Source: "Xinhua"

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