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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cellnet Group Limited | ASX:CLT | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.026 | 0.026 | 0.027 | 0.00 | 00:00:00 |
French dairy-products company Danone SA (BN.FR, DANOY) said Wednesday it has raised its stake in Moroccan firm Centrale Laitiere, in a deal worth EUR550 million.
In a statement, Danone said it has increased its interest in Centrale Laitiere to 67% from the 29.2% owned by the company since 2001.
Danone said it bought part of holding company SNI's stake.
According to Danone, Centrale Laitiere is Morocco's leading dairy company with nearly 60% of the country's market.
Danone added that the deal is subject to approval from the relevant authorities.
Write to Nadya Masidlover at nadya.masidlover@dowjones.com.
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