Ping An Capital-backed group to buy Mengniu Dairy unit stake for $568m

Ping An Capital-backed group to buy Mengniu Dairy unit stake for $568m

Purjoy, a yoghurt brand introduced by Chinese dairy products maker Junlebao

Ping An Capital, the private equity unit of Chinese insurer Ping An Insurance, announced on Thursday that it has teamed up with two companies to pay 4 billion yuan ($568 million) for a majority stake in dairy products maker Junlebao.

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