Brief: Danone Finalizes Sale Of Mengniu Stake, Total Gross Proceeds Of About Eur 1.6 Bln

China Mengniu Dairy

13/05/2021 07:02

May 13 (Reuters) - Danone SA  DANO.PA :
    * ANNOUNCED ON WEDNESDAY CO FINALIZES SALE OF MENGNIU STAKE
    * HAS FINALIZED STRATEGIC SALE OF ITS ABOUT 9.8% STAKE IN
CHINA
MENGNIU DAIRY COMPANY LIMITED  2319.HK , WHICH WAS ORIGINALLY
ANNOUNCED ON MAY 12, 2021
    * TRANSACTION RESULTED IN TOTAL GROSS PROCEEDS OF HKD 15.4
BILLION, REPRESENTING ABOUT EUR 1.6 BLN 
    * SETTLEMENT OF TRANSACTION WILL TAKE PLACE ON MAY 17, 2021

Source text for Eikon:  ID:nGNE2HTkN4 
Further company coverage:  DANO.PA 

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