Linklaters and Sullivan take top roles on $1.7bn China milk acquisition
Linklaters and Sullivan & Cromwell (S&C) are advising on China Mengniu Dairy's acquisition of Yashili International for $1.7bn (£1.08bn). The deal, announced this week, is seen as an attempt to consolidate China's milk production industry which was hit hard by the 2008 Chinese milk scandal - a food safety incident which saw 54,000 babies hospitalised.
Linklaters and Sullivan & Cromwell are advising on China Mengniu Dairy’s acquisition of Yashili International for $1.7bn (£1.1bn).
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