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China Mengniu Dairy Company Limited (2319.HK)

HKSE - HKSE Delayed price. Currency in HKD
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32.000-0.650 (-1.99%)
At close: 04:08PM HKT
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  • Reuters

    Danone reorganises Chinese assets, cuts ties with Mengniu

    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.