PARIS (Reuters) -France's Danone said on Friday it would end its partnership with Chinese milk firm Mengniu by selling a 25% stake it holds in milk powder maker Yashili as well as a 20% joint venture participation. In return, Danone will acquire from Yashili 100% of the Dumex Baby Food infant milk unit. The different parts of the deal, which also includes a sale of a 20% stake in the Inner Mongolia Diary Joint Venture, will not need to close at the same time.
HONG KONG, June 25, 2021--China Mengniu Dairy Company Limited ("Mengniu" or the "Group", HKEx: 2319), one of the leading dairy product manufacturers in China, announced that it has issued its 2020 Sustainability Report (the "Report"), which highlights Mengniu's practices and achievements in five key areas, including sustainability management, corporate governance, economy: more nutritious products, society: a better life, and environment: a more sustainable earth. In 2020, Mengniu adhered to its
Dow (DOW) and China's Mengniu enter a partnership for the commercialization of PCR resin-based shrink film to boost a circular plastic economy.