The long-drawn takeover of troubled dairy firm Sanlu will see two contenders splitting the Hebei province-based company's assets between themselves.

Beijing's Sanyuan is set to acquire seven milk production facilities in Hebei province, while Heilongjiang province-based Wondersun is expected to buy Sanlu's factory in the northeastern region, the 21st Century Business Herald reported.

None of three dairies could be reached for comment.