date:Feb 13, 2014
France's Danone is spending 486 million euros ($665 million) to lift its stake in China's top dairy firm, aiming to tap into booming local demand and secure greater control over supply quality in a region often hit by food safety scares.
The investment in China Mengniu Dairy Co Ltd (2319.HK) by the world's biggest yoghurt maker, whose brands include Actimel, Activia and Shape, will boost its holding to 9.9 percent from 4 percent, making it the Chinese company's second-biggest shareholder after