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DANOY Danone (QX)

12.46
0.12 (0.97%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Danone (QX) USOTC:DANOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.12 0.97% 12.46 12.34 12.49 12.52 12.36 12.47 141,552 21:00:23

Danone Invests EUR100 Million in Specialized Nutrition in China

16/07/2020 8:22am

Dow Jones News


Danone (QX) (USOTC:DANOY)
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   By Giulia Petroni 
 

Danone SA said Thursday that it would invest 100 million euros ($114.2 million) in its specialized nutrition segment in China.

The French food company said the investments include the opening of a research center in Shanghai, as well as the acquisition of infant-milk formula brand Murray Goulburn Dairy (Qingdao) Co Ltd from Saputo Dairy Australia Pty Ltd.

The investment will also benefit the further development of the offerings of Danone's food for special medical purposes, the company said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

July 16, 2020 03:07 ET (07:07 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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