French food company Danone has purchased a 5% stake in China’s largest dairy foods company, Shanghai Bright Dairy and Food.
According to the Dairy giant the share sale was part of the company’s preparation for a listing on the domestic stock exchange. The deal is also expected to bring advantages to the French giant, who described it as a joining of forces in the yoghurt and dairy dessert sector. Financial details of the deal have not been disclosed
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
