Yili Group completed the acquisition of a 34.33% stake in Ausnutria Dairy for $803m.

Inner Mongolia Yili Industrial Group, a Chinese dairy products manufacturer, completed the acquisition of a 34.33% stake in Ausnutria Dairy, a goat milk formula maker, for $803m. "Yili recognizes the values, strategic layout, and the core team of Ausnutria. In the years to come, Yili will bring into full play its strengths in terms of company size, brand building, channels and industrial chain to enable Ausnutria's sound development over the long term," Pan Gang, Yili Group Chairman.