INDONESIA: Danone raises holding in Indonesia's Aqua to 74%

INDONESIA: Danone raises holding in Indonesia’s Aqua to 74%

France's largest food group Danone is expanding its bottled water interests in Indonesia with a 74% stake in Aqua Golden Mississippi , Indonesia's biggest bottled-water maker. Pending approval from the Indonesian authorities, Danone will increase its shareholding in the firm from 40%. The company has not disclosed how much it would pay for its increased 34% stake.

March 20, 2001

France’s largest food group Danone is expanding its bottled water interests
in Indonesia with a 74% stake in Aqua Golden Mississippi, Indonesia’s biggest
bottled-water maker.

Pending approval from the Indonesian authorities, Danone will increase its
shareholding in the firm from 40%. The company has not disclosed how much it
would pay for its increased 34% stake.