Danone to buy 25-percent stake in Chinese infant milk formula maker Yashili
( October 31, 2014, 02:37 GMT | Official Statement) -- MLex Summary: French diary company Danone said on Oct. 31 the company has agreed to buy a 2-percent stake in Chinese infant milk formula company Yashili for 437 million euros ($550 million). Danone expects to further expand in the infant milk formula business in China through the investment. The transaction is subject to the approval of relevant authorities. The full statement follows:...
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