date:May 04, 2014
egulatory approval.
All of this comes against the backdrop of Danone's legal action against Fonterra, who they are suing for $500 million in compensation for damage to its reputation following last year's botulism scare.
Danone's net profit slumped 15% in 2013 after a food safety warning by key supplier Fonterra last year forced the group to launch a massive recall in Asia.
This transaction will provide Nutricia with a large milk drying capacity, along with a long-term fresh milk supply acces