Announced
Ping An Capital to acquire a 51% stake in Junlebao for $568m.
Synopsis
Private equity firms, Ping An Capital, Primavera Capital Group, and Junqian Management, are set to acquire a 51% stake in Junlebao, a dairy product maker for $568m. “We are optimistic about the long-term growth of the Chinese dairy market. Changes in the dairy industry are in favor of the future development of Junlebao,” Tian Tuo, Ping An Capital Managing Director.
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