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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ML S&P500 Mitts3/06 | AMEX:FML | AMEX | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
By Inti Landauro
PARIS--French dairy group Danone SA (BN.FR) and Dubai-based private equity group Abraaj Group Thursday said they have jointly bought Fan Milk International (FML.GH), a West African producer of frozen dairy products and fruit juices, for an undisclosed amount.
Danone will take 51% in Fan Milk, while Abraaj will take the remaining 49%, the companies said.
Fan Milk had about 120 million euros ($167 million) in sales in Ghana, Nigeria, Togho, Burkina Faso and Benin.
The acquisition is part of Danone's strategy to expand in Africa, said Emmanuel Faber, Danone Co-Chief Operating Officer.
Write to Inti Landauro at inti.landauro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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