date:Feb 26, 2013
The French dairy giant revealed late last week that it had complete a June 2012-agreed deal to increase its interest in Centrale Laitire from 29.2% to 67%. The deal saw Danone purchase a 46.8% share in the Moroccan dairy company from Socit Nationale dInvestissement (SNI) for 543m.
Danone has held a 29.2% shareholding in Centrale Laitire - Moroccos leading dairy product company - since 2001.The Danone brand is already well known in Morocco through products such as Yawmy, Moufid and Activia, whic