Brief: China Mengniu Dairy Says Danone Considering Divesting Its Stake In Co

China Mengniu Dairy

28/02/2021 22:55

March 1 (Reuters) - China Mengniu Dairy Co Ltd  2319.HK :
    * DANONE REACHED AGREEMENT WITH COFCO DAIRY INVESTMENTS TO
CONVERT
ITS INDIRECT STAKE IN CO INTO DIRECT SHAREHOLDING
    * DANONE IS CONSIDERING A DIVESTMENT OF ITS STAKE IN CO
    * EXPECTED THAT DANONE WILL HOLD DIRECT SHAREHOLDING
INTEREST OF
ABOUT 9.82% IN CO
    * EXPECTED THAT CDI'S SHAREHOLDING INTEREST IN CO WILL BE
REDUCED
TO ABOUT 21.43%
    * ARRANGEMENTS WILL NOT AFFECT BUSINESS STRATEGIES AND PLANS
OF
GROUP

Source text for Eikon:  ID:nHKS4XHNm8 
Further company coverage:  2319.HK 

 ((Reuters.Briefs@thomsonreuters.com))