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CLT Cellnet Group Limited

0.026
0.00 (0.00%)
12 Dec 2024 - Closed
Delayed by 20 minutes
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

Danone Buys Part of SNI's Stake in Centrale Laitiere for EUR550 Million

27/06/2012 7:25pm

Dow Jones News


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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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