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Danone Continues Investment In African, Asian Suppliers

November 3, 2014: 12:00 AM EST
Yogurt maker Danone is investing another €278 million ($347.5 million) to push its stake in Morocco's main dairy company, Centrale Laitiere, to nearly 91 percent. The move is seen as an attempt by Danone to reduce its supply dependence on slow-growth Europe. The company recently invested $550 million in a Chinese milk powder producer, acquired Africa’s top dairy producer, Brookside, and bought a 49 percent stake in a West African producer of frozen dairy products and juices.
Dominique Vidalon, "Danone pays 278 million euros to raise Centrale Laitiere stake", Reuters, November 03, 2014, © Thomson Reuters
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