China: Danone sells investments in Mengniu Partnership and acquires Dumex
FMCG giant Danone has announced the sale of its 25% remaining stakes in Yashili to Mengniu and the 20% of its holds owned in the Inner Mongolia Dairy joint venture. Simultaneously, the French giant announced the acquisition of the totality of Dumex Baby Food Co Ltd, a Chinese manufacturer of infant milk formula products, that […]
France: Danone to acquire near 50% stake in Yashili New Zealand Dairy
Danone Asia Pacific Holdings, a subsidiary of French dairy multinational Danone, has signed a non-binding agreement to obtain a 49.9% stake in Yashili New Zealand Dairy, according to a FoodBev report. Yashili New Zealand Dairy produces a range of dairy products, focusing mainly on infant formula. The company owns a factory capable of producing 50,000 […]