Danone finalises divestiture of China Mengniu stake

Danone has finalised the s7nutrition magnesium malateale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €cyto matrix magnesium bisglycinate1.6 billion.Under the terms of the agreement, the majority of the proceeds will be returned to shareholders through a share buyback programme, with further details to be announced.Danonewhen is the best time to take zinc supplement has finalised the sale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €1.6 billion.The French company announced back in March its intentions to convert and sell the stake, as part of an ongoing portfolio review process.Danone has finalised tferrous bisglycinate and zinc bisglycinate tablets useshe sale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €1.6 does ferrous fumarate increase hemoglobinbillion.Earlier this year, Danone announced that Emmanuel Faber was stepping down as chairman and CEO, following recent pressure for governance changes from shareholders.

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