China: Danone sells investments in Mengniu Partnership and acquires Dumex
FMCG giant Danone has announced the sale of its 25% remaining stakes in Yashili to Mengniu and the 20% of its holds owned in the Inner Mongolia Dairy joint venture. Simultaneously, the French giant announced the acquisition of the totality of Dumex Baby Food Co Ltd, a Chinese manufacturer of infant milk formula products, that […]