The Russian government has approved the merger of Danone’s fresh dairy business with local firm Unimilk, according to reports.

The Russian government’s foreign investment commission yesterday (4 August) approved the merger, which was announced in June, Reuters reported.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Danone said at the time that the deal would create a business that generated annual sales of EUR1.5bn and spanned Russia, Ukraine, Kazakhstan and Belarus.

Speaking after the commission’s meeting, Igor Artemyev, the head of Russia’s FAS antimonopoly service, told reporters that Danone planned to invest RUB15bn in Russia over the next five to seven years.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now