The leading dairy company Danone has announced the sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited for approximately USD 1.9 billion. China Mengniu Dairy Company is a manufacturing and distribution company of dairy products and ice cream.
- Danone aims to inspire healthier and more sustainable eating and drinking practices across globe.
- China Mengniu Dairy is headquartered in Hohhot, Inner Mongolia and manufactures dairy products under the Mengniu brand.
In Oct 2020, The leading food & dairy company Danone had finalized the sale of its 6.61% stake in Yakult Honsha Co. Ltd., for approximately $553 million.
In July 2020, Danone announced investments to strengthen capabilities, support and commitment of its Specialized Nutrition business in China. The company announced to invest approximately $130 million to expand business in China.
Danone plans to open a new Science Research Center for life transforming nutrition, which will be located in Shanghai, China. The new research center will carry out scientific research and development work in specialized nutrition. The new center will develop evidence-based nutritional solutions tailored to the tastes, traditions and health needs of Chinas consumers.
January 2020, AI Factory For AgriFood is the third class of the Microsoft AI Factory, after AI Factory for Green Energy and AI Factory for Health! The start-ups will be jointly supported by Microsoft and Danone, one of the world leadersin the agrifood sector, and will benefit from a 3-month acceleration period.
Danone is a leading global food & beverage company, headquartered in Paris, France. Danone focused on three businesses categories: Essential Dairy & Plant-based products, Waters and Specialized Nutrition. Danone has more than 100,000 employees and its products are sold in over 120 markets globally.