Danone Finalizes $1.98 Billion Sale of Stake in Chinese Dairy Company Mengniu
By Megansoto in Business
Updated 3 years ago
Danone said Thursday that it has finalized the sale of its approximately 9.8% stake in Chinese dairy company China Mengniu Dairy Co. with gross proceeds amounting to 15.4 billion Hong Kong dollars ($1.98 billion). The French food company said the majority of the proceeds will be returned to shareholders through...