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Danone to raise stake in China Mengniu Dairy for $665 million
date:Feb 13, 2014
China's COFCO Dairy Investment.

This will allows us to pursue our ambition to expand in the fresh dairy category in China and benefit from its great potential, a Danone spokeswoman said on Wednesday.

China is already an important market for Danone, accounting for around 6 percent of global sales of 20 billion euros. But fresh dairy products make up less than 3 percent of its sales to China and the spokeswoman noted China's annual per capita consumption of fresh dairy products is 1.1 kg, or jus

12/22 06:33