France's Danone acquires 8.3% stake in Chinese dairy company
The world's leading yogurt maker Danone announced that it has agreed to acquire a 8.3% stake in the Chinese dairy company Mengniu, and it will establish a joint venture with Mengniu in China.
Prominent Achiever Ltd, in which Danone owns a 51% stake, will buy these shares from Cofco Group, the major shareholder of Mengniu. Cofco owns the remaining 49% stake in Prominent Achiever. In addition, Danone will invest CNY1.25 billion to build a joint venture with Mengniu for the making of yogurt products. Mengniu will own...
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Danone pulls dairy products
Bucharest - French food industry group Danone said Monday it had withdrawn some of its dairy products from sale in Romania af...
Nigeria inflation hits 4-month high
Abuja - Nigeria's consumer inflation rose to its highest in four months in November as the impact of the country's worst floo...
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Bob Martin launches complete condition adult dry dog food in...
In response to consumer demand, Bob Martin, the household name in the pet food, grooming and healthcare market since 1892, has introduced their Complete Condition Adult Dry dog food in bulk 15kg bags. READ MORE
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Nederburg hosts wine and food pairing challenge for fans
Nederburg, the venue host and official wine sponsor of MasterChef South Africa, staged a fun wine and food pairing challenge for wine fans, ahead of the new season of the popular cookery TV series. READ MORE
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