Danone reorganises China assets in deal with Yashili

Yashili International Holdings

06/05/2022 16:15

PARIS, May 6 (Reuters) - France's Danone  DANO.PA  said on
Friday it would sell a 25% stake it holds in Yashili to Mengniu
and in return acquire from Yashili 100% of the Dumex Baby Food
infant milk unit. 
    The different parts of the deal, which also includes a sale
of a 20% stake in the Inner Mongolia Diary Joint Venture, will
not need to close at the same time.
    "It is expected that the earliest closing could take place
this year", Danone said in a statement. 

 (Reporting by Tassilo Hummel
Editing by GV De Clercq)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
@tassilo_hummel;))