Danone SA finalizes €1.6 billion sale of 9.8% stake in China Mengniu Dairy

PARIS: Danone SA has finalized the strategic sale of approximately 9.8% stake in China Mengniu Dairy Company Limited, which was originally announced on May 12, 2021. The transaction resulted in total gross proceeds of HKD 15.4 billion, representing c. €1.6 billion. The settlement of the transaction will take place on May 17, 2021. In line…