Olympus Asia Grabs Stake in China Dairy Producer

Olympus Capital Holdings Asia, a middle market private equity firm, is leading a group of investors paying $45 million for a “sizable minority stake” in China's Huaxia Dairy Farm Ltd., Reuters reported. The firm will put $30 million into the dairy producer, with European dairy company Mueller Milch Management investing $10 million. Existing shareholders in Huaxia Dairy will supply another $5 million. The company, which runs own of China’s largest dairy farms, will use the money for general working capital and expansion, Reuters wrote.

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