Danone Asia invests in Chinese dairy company

04/13/2006 | Wall Street Journal, The

Danone Asia, a division of Groupe Danone, plans to acquire an 8.46% stake in Bright Dairy & Food for $44.6 million, in addition to a previously announced acquisition of 1.85% of the company's stock. If both of these deals close, Danone Asia will own more than 20% of the Chinese dairy company.

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