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Danone, Abraaj Group to acquire Ghana's Fan Milk International
date:Oct 28, 2013
y Coast. Its target markets have projected GDP growth rates of as high as 8.3%.

Fan Milk posted sales of around 120 million in 2012.

This transaction represents a major step in Danones expansion in Africa, said Emmanuel Faber, Danone co-chief operating officer to the Financial Times. Fan Milk is a company with a unique business model driven by a neighbourhood sales and distribution platform working through 31,000 independent vendors.

Abraaj CEO Arif Naqvi said that the The acquisition of Fan

12/25 02:59