Chinese group Inner Mongolia Yili plans $850m bid for Danone's Stonyfield

Chinese group Inner Mongolia Yili plans $850m bid for Danone's Stonyfield

Yoghurt by French foods group Danone are seen on shelves at a Carrefour hypermarket in Nice, France, April 6, 2016. REUTERS/Eric Gaillard

Chinese food and dairy company Inner Mongolia Yili Industrial said on Wednesday that it planned to bid for Danone’s entire stake in U.S. organic yoghurt business Stonyfield for about $850 million.

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