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Aggregated China Business Blogs
France's Danone Acquires 8.3% Stake In Chinese Dairy Company
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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. [...]
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