Food and dairy giant Groupe Danone has remained silent on reports it will receive EUR800m (US$1.27bn) to EUR1.7bn for exiting its joint venture with Chinese beverage group Wahaha.
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Danone has been accused of violating the terms of the 1996 joint venture agreement with Wahaha, and last month it was reported that the beverage partner rejected a proposal by Danone to revise ownership terms.
When contacted by just-food today (10 April) Danone declined to make any comment on the rumours.
