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  • golfiscool_2 golfiscool_2 Oct 16, 2008 3:34 AM Flag

    Yili, Wahaha, American Dairy To Bid For Sanlu Assets - Report

    Yili, Wahaha, American Dairy To Bid For Sanlu Assets - Report

    Oct 15, 2008 23:53:54 (ET)

    SHANGHAI (Dow Jones)--Inner Mongolia Yili Industrial Group Co. (600887.SH), Hangzhou Wahaha Group Co. and a wholly owned unit of American Dairy Inc. (ADY) are among the companies that will bid for the assets of Shijiazhuang Sanlu Group Co., the China Business News reported Thursday, citing a senior official at one of the companies.

    An auction of Sanlu's assets will take place this weekend, said the report. Sanlu's sale comes after a scandal over tainted milk powder in China prompted consolidation in the fragmented dairy industry.

    Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

    (END) Dow Jones Newswires

    October 15, 2008 23:53 ET (03:53 GMT

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