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Pharmaceutical

China Mengniu Dairy considers bid for Pfizer infant-nutrition business

October 24, 2011
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INNER MONGOLIA — China’s largest dairy company, China Mengniu Dairy Co., is considering a bid for Pfizer Inc.’s infant-nutrition business, Bloomberg reported.

The infant-nutrition business may fetch as much as $10.5 billion, and draw interest from companies including Danone, Abbott Laboratories and Nestle SA.

“The deal size for the whole global division is really a bit big,” said Jacqueline Ko, an analyst with Kim Eng Securities. “I wonder if they can just buy the China part of the business.”
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