FDBusiness.com

Danone Increases Stake in Morrocan Dairy Business

 Breaking News

Danone Increases Stake in Morrocan Dairy Business

Danone Increases Stake in Morrocan Dairy Business
November 05
10:22 2014
Spread the love

Danone is acquiring an additional 21.75% interest in Centrale Laitière of Morocco from SNI for €278 million. The transaction will raise Danone’s equity stake in Centrale Laitière to 90.86%. Danone has been a majority shareholded in Centrale Laitière since 2013.

Centrale Laitière is Morocco’s leading producer of fresh dairy products with market share of nearly 60%. Sales total around €500 million in a fast-growing market and it has Morocco’s largest distribution network with 38 logistic units serving 75,000 points of sale. Danone and Centrale Laitière have been partners in Morocco since 1953.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

    Subscribe Here



    Advertisements