France: Danone – transactions with Mengiu

The France headquartered stock market listed dairy Danone will sell to Mengniu the 25 percent stake the company holds in Yashili and the 20 percent stake it holds in the Inner Mongolia Dairy Joint Venture. In parallel, Danone will acquire from Yashili 100 percent of Dumex Baby Food Co Ltd, a Chinese manufacturer of Infant Milk Formula products. The completion of these transactions will lead to the conclusion of the partnership Danone held with Mengniu over the last few years, following the disposal of Danone’s 9.8 percent minority stake in Mengniu in 2021.

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