Blog: Dean BestDanone to up stake in Moroccan dairy Centrale Laitière

Dean Best | 3 November 2014

Danone announced this afternoon (3 November) it would buy more shares in Centrale Laitière, taking its stake in the Moroccan business from 69.1% to 90.9%.

The French food giant is to pay EUR278m for the additional shares in a business in which it became the majority shareholder last year.

Danone has held a stake in Centrale Laitière since 2001 and sells dairy products in neighbouring Algeria and Tunisia.

The deal follows Danone's announcement on Friday of an agreement to take a 25% in Chinese infant formula producer Yashili International Holdings.

These two investments are further indications of Danone's interest in expanding in emerging markets.

The Yashili deal was welcomed by analysts who had been arguing Danone's M&A strategy should focus on smaller transactions, rather than the major transaction that has been the subject of a number of press reports - a move to buy US infant formula group Mead Johnson.

This week, Danone will take an in-depth look at the Yashili transaction and the speculation surrounding Mead Johnson.

Sectors: Dairy, Emerging markets

Companies: Danone

BLOG

A bad fortnight for self-regulation

Recent events in Canada, Brussels and the UK suggest the task of defending self-regulation as the best way to prevent the commercial activities by food companies from exacerbating childhood obesity is...

NEWS

Brexit - UK to keep duty-free access for developing countries

The UK will maintain duty-free access to its market for goods from dozens of developing countries once it has left the EU....

BLOG

Reckitt Benckiser clears final Mead Johnson hurdle

The final regulatory approval needed for the UK-based consumer goods giant's takeover of the US infant formula maker has been received, with the US$17.9bn deal set to be completed on Thursday (15 June...

BLOG

Barilla puts sustainability centre stage

Barilla's 2016 results statement, published last week, makes interesting reading, not because of the Italian food group's commercial performance, but for the emphasis placed on sustainability achievem...

just-food homepage



Forgot your password?