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The $25m investment will help Fan Milk (Ghana) Ltd, Danone’s local subsidiary, to sustain the demand for dairy products in the West African market. Danone and The Abraaj Group have announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. Fan Milk is ta manufacturer and distributor of Danone and The Abraaj Group, a leading investor operating in growth markets, has announced a partnership agreement whereby Danone, an international company present on five continents, including 2021-03-23 · Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory at Accra in Ghana. The total investment of US$25 million will help Fan Milk (Ghana), its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. 2013-10-24 · The Abraaj Group will initially retain 51 percent of Fan Milk, whose 2012 sales rose 16 percent to around 120 million euros. Under the deal Danone will in coming years gradually buy a controlling By: Masahudu Ankiilu Kunateh Email:mk68008@gmail.

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To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today. Danone and the Abraaj Group hold 49% and 51% stakes in Fan Milk, which operates in Nigeria, Ghana, the Ivory Coast, Burkina Faso, Benin, and Togo. Danone’s interest in Fan Milk will, however, increase gradually into a controlling stake. It also boasts operations in South Africa, Morocco, and Egypt.

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Danone Acquires Abraaj’s 49% Stake in Fan Milk International. By Tendai. Posted July 31, 2019.

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The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Danone and The Abraaj Group, a leading investor operating in growth markets, has announced a partnership agreement whereby Danone, an international company present on five continents, including Abraaj is expected to give up control of its 51% stake of Fan Milk to Danone. With 60% of Danone’s €20 billion turnover (2012) generated outside Europe, Africa has become one of the French giant’s priorities in terms of development. In a clubby world of global dealmakers, Blackstone, KKR and Carlyle get most of the headlines, but Abraaj is the undisputed private equity king of investing in the seemingly dangerous markets of Brookside Dairy Limited, often referred to as Brookside Dairies, is a dairy processing company in Kenya, the largest economy in the East African Community.The company offers fresh pasteurized milk, cream, butter, yogurt, ghee, and long life milk products in Indian Ocean Islands, East Africa, Rwanda and Burundi.

Danone abraaj

Danone and The Abraaj Group have invested $25 million into Ghanaian dairy products portfolio company Fan Milk. The investment will be used to open new production lines at an existing factory, creating around 200 jobs, according to the investors. Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy Danone S.A.is a multinationalfood-products corporation based in Parisand founded in Barcelona, Spain. It is listed on Euronext Pariswhere it is a component of the CAC 40stock market index.
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In the coming years, Danone … France’s Danone and Abraaj Group, a private equity firm announced on Thursday a partnership agreement that allows Danone to own stake in Fan Milk International, which previously was 100 percent acquired by the Abraaj group earlier this year. Danone Acquires Abraaj’s 49% Stake in Fan Milk International. By Tendai.

Danone, en partenariat avec le groupe Abraaj (Abraaj), un  Abraaj Growth Markets Health Fund Case Study. Abraaj is Mars and Danone have set up a fund designed to tackle poverty among smallholder farmers.
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Names as Language and Capital - Yumpu

In October 2013, the French dairy company Danone announced that it had joined with the Abraaj Group to acquire Fan Milk International (FMI) (the two companies hold 49% and 51% shareholdings respectively). FMI is a dairy and fruit juice distribution company with a major distribution network across six West African countries (Ghana, Nigeria, Togo, Burkina Faso, Benin and Côte d’Ivoire). Besides Danone, 10 per cent is owned by equity firm Abraaj and the rest is held by the Kenyatta family. The firm, which operates in 140 countries, has investments in Africa worth 1 billion Euros Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate Danone initially held 49% of Fan Milk, with Abraaj owning 51%, but Danone now has a controlling stake in the business. The deals, announced alongside Danone's results for 2015, follow a move in December to buy another 5% of Moroccan subsidiary Centrale Danone, a … The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Under the agreement, Danone will in the coming years gradually acquire a controlling stake in … By: Masahudu Ankiilu Kunateh Email:mk68008@gmail.