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Danone to raise stake in China Mengniu Dairy for $665 million
date:Feb 13, 2014
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Danone, also maker of Bledina baby food and Volvic water, formed an alliance with Mengniu in May 2013, under which the companies agreed to produce and sell chilled yoghurt products in China, pooling assets to form a venture with 2012 proforma sales of 500 million euros and an estimated market share of around 21 percent.

Under the deal announced on Wednesday, Danone and COFCO Dairy Investment, a venture with China's state-owned COFCO, will subscribe to a reserved rights issue by Mengniu at

12/21 08:47