News Milk
Chinese Yili takes a third stake in Ausnutria
The Chinese dairy giant Yili takes an interest of more than 34% in Ausnutria (also majority Chinese). Both companies hope to strengthen each other in the dairy chain. For Yili, the strength of Ausnutria in the goat dairy chain also plays a role.
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In China, Ausnutria has a 60% share of the goat dairy market, according to market research. That is one of the factors that makes the company an attractive partner for the dairy giant, Yili says. Yili, a state-owned company, is proud that its dairy company has entered the top 5 largest dairy companies in the world. The alliance with Ausnutria makes Yili's position even stronger.
Yili pays €694 million
Yili's stake in Ausnutria is acquired through the Hong Kong Jingang Trade Holding. This bought 531 million existing shares of Ausnutria from the current shareholders. In addition, Ausnutria is issuing 90 million new shares, which are also being bought by Yili. In total, Yili paid 6,247 billion Hong Kong dollars for the stake in Ausnutria. This amounts to approximately €694 million.
Published in October the first messages about a possible acquisition of or participation in Ausnutria by Yili. Bloomberg news agency reported about it, but Yili himself remained silent.
Ausnutria has factories in the Netherlands in Heerenveen, Kampen and Leeuwarden, among others. Both goat's milk and cow's milk are processed there for the production of infant food and other dairy products. Most of the exports are sold on the Chinese market. Ausnutria is active in markets including Russia, the United States and elsewhere in Asia.