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Simpson Thacher is representing Danone Asia Baby Nutrition Ptd Ltd (“Danone Asia”) in connection with its subscription of a 25% equity interest in Yashili International Holdings Ltd (“Yashili”) for an aggregate subscription price of approximately HK$4.38 billion, or approximately US$565 million. The transaction is subject to customary closing conditions, including the approval of the shareholders of Yashili.

Yashili is a leading player in PRC’s pediatric milk formula industry, and also has a leading position in the soymilk powder market in China. Danone Asia is a wholly-owned subsidiary of Danone SA which is an international company present on five continents. The Danone group holds top positions in healthy food through four businesses: fresh dairy products, waters, baby nutrition and medical nutrition.

The Simpson Thacher team for the transaction included Douglas Markel and Qi Yue (Beijing - M&A); and Venus Lo (Hong Kong - Corporate).