Yili likely to buy stake in Pakistan firm

Inner Mongolia-based group looks to expand overseas via proposed deal

North China's Yili Industrial Group Co Ltd said it plans to acquire a stake of no more than 51 percent in Pakistani dairy maker Fauji Foods Ltd, according to a statement released on Tuesday.

The Inner Mongolia autonomous region-based dairy group has handed in a letter of investment intention to acquire Fauji Foods, a sub-affiliate of Fauji Fertilizer Bin Qasim Ltd, as it looks to acquire new assets to consolidate its global position.