FRANCE: Groupe DANONE and EBRD sign an agreement to strengthen Russia’s fresh dairy sector
In the context of their partnership, Groupe DANONE and EBRD (European Bank for Reconstruction and Development) have signed for Russia an investment agreement regarding Danone Industrial OOO, the second largest dairy company in this country.
In the context of their partnership, Groupe DANONE and EBRD (European Bank for Reconstruction and Development) have signed for Russia an investment agreement regarding Danone Industrial OOO, the second largest dairy company in this country.
EBRD will acquire a stake of US$ 21 million in Danone Industria OOO.
The transaction will help to develop the fresh dairy products market in Russia, through the Groupe DANONE’s new industrial plant which started operations in the summer of 2000.
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