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In 2013, The Abraaj Group and Danone became joint owners of Fan Milk, obtaining a 51% and 49% stake in the company, respectively. [ 7 ] [ 8 ] Danone eventually became a majority shareholder in 2016. On July 30, 2019, Danone acquired Abraaj's remaining 49% shares, increasing its stake to 100% and thus assuming complete ownership of the company.
On 20 May 2013, Danone announced a strategic investment (4.0%) in Mengniu, the top dairy products company in China, through an agreement with COFCO (the state-owned largest food company in China a majority shareholder in Mengniu). Later on, Danone raised its interest in Mengniu from 4.0% to 9.9%. In 2016, Danone is Mengniu's second shareholder ...
Danone North America is a consumer packaged food and beverage company based in White Plains, New York, U.S, that manufactures, markets, distributes, and sells branded premium dairy products (including yogurt), plant-based foods and beverages, coffee creamers, and organic produce throughout North America and Europe.
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On April 25, 2019, during the general meeting of shareholders of Danone, the resolution concerning the approval of his compensation in 2018 of 2.8 million euros was approved at 98%. He also announced that he would give up his Danone retirement package, which amounts to 1.2 million euros per year, in order to only receive the traditional pension ...
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Rank Year Purchaser Target Value (in billions USD) Value (adjusted for inflation) 1 2015 Pfizer: Allergan, plc: 160 206 In November 2015 Pfizer announced it would acquire Allergan, plc for $160 billion ($206 billion, adjusted for inflation).
Danone therefore removed the words "clinically" and "scientifically proven" from Activia products. [47] Danone agreed to pay US$21 million to 39 states that had coordinated investigations with the FTC. [48] [49] In response to a similar lawsuit in Canada, Danone agreed to settle the suit by paying compensation and modifying its advertising. [6]