Danone S.A.is a multinationalfood-products corporation based in Parisand founded in Barcelona, Spain. It is listed on Euronext Pariswhere it is a component of the CAC 40stock market index. Some of the company's products are branded Dannonin the United States.

Some of the company's products are branded Dannonin the United States. Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra. The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market. Danone and The Abraaj Group have invested $25 million into Ghanaian dairy products portfolio company Fan Milk. The investment will be used to open new production lines at an existing factory, creating around 200 jobs, according to the investors.

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Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in Fan Milk.

French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy Danone Institute International is a non-profit organization originally established with funding from Danone. The association promotes the exchange of information related to the relationship between diet, nutrition and health.

Country manager Congos. Nestlé. Apr 2012 - Aug 2015 3 years 5 months. Kinshasa. FanMilk Nigeria - a DANONE & Abraaj JV Graphic

June 4, 2017 Deals, Private Equity 1. To read this article, you must be a paid subscription member. Danone and The Abraaj Group (“Abraaj”), a leading investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. French dairy producer Danone is continuing its push into Africa with a $25m investment, together with private equity firm Abraaj Group, in west Africa-based Fan Milk, the companies said on Tuesday.

Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International.

2013-10-24 · Danone and The Abrj Group, an investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abrj in the acquisition of Fan Milk International. "With 2012 sales of around EUR 120 million, Fan Milk is the leading manufacturer and distributorof frozen dairy products and juices in West Africa. Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, directeur général de Fan Milk Ghana, a déclaré : « Le nouveau yaourt FanMaxx est un produit de Fan Milk, une marque de référence au Ghana depuis 55 ans. FanMaxx offre une expérience de yaourt innovant, sain et nourrissant, particulièrement Danone et le capital-investisseur émirati Abraaj ont annoncé, dans un communiqué publié mardi 23 mai, leur intention d'investir 25 millions de dollars au Ghana, pour augmenter les capacités Le couple Danone-Abraaj vient de mobiliser 25 millions de dollars pour le renforcement de l'outil industriel de sa filiale ghanéenne Fan Milk.

Danone’s interest in Fan Milk will, however, increase gradually into a controlling stake.
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Under the agreement, Danone will in the coming years gradually acquire a controlling stake in … By: Masahudu Ankiilu Kunateh Email:mk68008@gmail. com Danone and The Abraaj Group, a leading investor operating in growth markets, has announced a partnership agreement whereby Danone, an international company present on five continents, including Africa, will join Abraaj in the acquisition of Fan Milk International.

FMI is a dairy and fruit juice distribution company with a major distribution network across six West African countries (Ghana, Nigeria, Togo, Burkina Faso, Benin and Côte d’Ivoire). Besides Danone, 10 per cent is owned by equity firm Abraaj and the rest is held by the Kenyatta family. The firm, which operates in 140 countries, has investments in Africa worth 1 billion Euros Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate Danone initially held 49% of Fan Milk, with Abraaj owning 51%, but Danone now has a controlling stake in the business. The deals, announced alongside Danone's results for 2015, follow a move in December to buy another 5% of Moroccan subsidiary Centrale Danone, a … The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its funds in June 2013.
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Danone increased its stake in Fan Milk International to 100% after transaction on July 30, the dairy product manufacturer’s Accra-based unit says in statement emailed by Ghana Stock Exchange. * Zahi El Khatib resigns as non-executive director of Fan Milk Ghana. ----- PRESS RELEASE ----- Paris, October 24th, 2013Danone to join The Abraaj Group in the acquisition of Fan Milk International, a leading dairy products player in West | April 7, 2021 Private-equity firm sells stake in Fan Milk to Danone only months after striking initial buy-out. Private-equity firm Abraaj Group has brought a Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana.

Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market.

Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in Fan Milk. In 2019, Danone secured Abraaj’s stake in Fan Milk becoming the sole majority shareholder of Fan Milk. DANONE/ABRAAJ INVEST $25m IN FAN MILK Danone and private equity firm Abraaj Group are investing US$25m in their co-owned Ghana-based dairy company Fan Milk to tap into them arket orf y ogurt and otherda irypr od - ucts in West Africa’s second largest economy. In June, Danone will launch FanMaxx, a new L’investissement témoigne également de l’engagement de Danone et d’Abraaj en faveur de la fabrication locale et du développement de la marque Fan Milk dans la région sur le long terme.

2013-10-24 · Danone, the world’s biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana’s Fan Milk International. Danone and The Abraaj Group have invested $25 million into Ghanaian dairy products portfolio company Fan Milk. The investment will be used to open new production lines at an existing factory, creating around 200 jobs, according to the investors.