2014-07-19

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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 increased its stake in Fan Milk International to 100% after transaction on July 30, the dairy product manufacturer’s Accra-based unit says in statement emailed by Ghana Stock Exchange. * Zahi El Khatib resigns as non Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra. The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market. Danone and The Abraaj Group announced a partnership agreement where Danone will join Abraaj in the acquisition of Fan Milk International. Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana.

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Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, directeur général de Fan Milk Ghana, a déclaré : « Le nouveau yaourt FanMaxx est un produit de Fan Milk, une marque de référence au Ghana depuis 55 ans. FanMaxx offre une expérience de yaourt innovant, sain et nourrissant, particulièrement Danone et le capital-investisseur émirati Abraaj ont annoncé, dans un communiqué publié mardi 23 mai, leur intention d'investir 25 millions de dollars au Ghana, pour augmenter les capacités Le couple Danone-Abraaj vient de mobiliser 25 millions de dollars pour le renforcement de l'outil industriel de sa filiale ghanéenne Fan Milk.

Jan 17, 2017 Aptamil, one of Danone's infant formula brands sold in 45 countries, has Danone and Abraaj Group expand Fan Milk capacity in Ghana to 

by shortening the company name DANONE and. adding a foreign language suffix.

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

The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market. Danone and The Abraaj Group have invested $25 million into Ghanaian dairy products portfolio company Fan Milk.

"With 2012 sales of around EUR 120 million, Fan Milk is the leading manufacturer and distributorof frozen dairy products and juices in West Africa. Danone et Abraaj ont conjointement investi dans Fan Milk en 2013.
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Apr 17, 2017 where it has a team of technical staff but, since 2013, the firm has been owned by France's Danone Group and the UAE-based Abraaj Group.

The investment will be used to open new production lines at an existing factory, creating around 200 jobs, according to the investors. With the investment, Danone intends to strengthen its subsidiary Fan Milk and help the company meet growing demand in the regional West African market. Established in 1962, FanMilk is reported to be one of the oldest milk brands in Ghana. In 2013, Danone and Abraaj jointly invested in the company and Danone acquired a majority stake last year.
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L’investissement témoigne également de l’engagement de Danone et d’Abraaj en faveur de la fabrication locale et du développement de la marque Fan Milk dans la région sur le long terme. Les nouvelles lignes de production créeront environ 200 emplois qualifiés à un moment où le chômage des jeunes est l’un des défis les plus pressants auxquels font face de nombreux pays africains.

Divestment of Fan Milk, the leading manufacturer of frozen dairy products and juices in West Africa, to Danone/Abraaj Merger of SATS and Elixia, two leading Nordic fitness chains Divestment of Kelsen Group, the leading Danish butter cookie manufacturer, to Campbell Soup Company Le duo Danone-Abraaj vient d'annoncer le renforcement des capacités de production de leur filiale au Ghana. Le groupe agro-industriel français et le capital-investisseur émirati ont débloqué une enveloppe de 25 millions de dollars qui sera allouée à l'installation de trois nouvelles lignes de production à l'usine Fan Milk d'Akosombo, près de la capitale Accra. Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”.


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Danone and The Abraaj Group, a leading investor operating in growth markets, have agreed to jointly acquire Fan Milk International. With 2012 sales of around Eur120 million, Fan Milk is the leading manufacturer and distributor of frozen dairy products and juices in West Africa.

The association promotes the exchange of information related to the relationship between diet, nutrition and health. The Danone Institute International comprises more than 220 scientific experts, and may be considered as a think tank. Danone has highlighted investors’ increasing appetite for Africa’s consumer brands with the acquisition of a 49 per cent stake in Fan Milk International, west Africa’s largest maker of 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. 2013-10-24 · Danone, the world’s biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana’s Fan Milk International. 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.