Danone adds to investment in NZ infant formula with proposal to buy up to 49% of Yashili New Zealand

Tue, 12 Jun 2018

By Jonathan Underhill June 12 (BusinessDesk) - Danone plans to increase its investment in New Zealand infant formula manufacturing by acquiring up to 49 percent of Yashili New Zealand Dairy Co, the local unit of China Mengniu Dairy, according to a filing in Hong Kong. Terms of the transaction haven't been finalised, including the price and method of payment, Yashili International said in a statement to the Hong Kong stock exchange. "The consideration, the payment method and the payment schedule shall be determined after arm's length negot...

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