Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. 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.

In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in FanMilk. In 2019, Danone secured Abraaj’s stake in FanMilk becoming the sole majority shareholder of FanMilk.

com 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 Africa, will join Abraaj in the acquisition of Fan Milk International. Fan Milk est présent en Côte d’Ivoire, au Ghana, au Burkina Faso, au Togo, au Bénin et au Nigeria, six pays qui rassemblent plus de 250 millions de consommateurs potentiels. Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. 2013-10-27 · French food products firm, Danone has partnered investment group Abraaj to buy 100% stake in Fan Milk, a leading manufacturer and distributor of frozen dairy products and juices in West Africa. Both announced the partnership October 24, 2013. Abraaj, in June this year announced its agreement to acquire 100% of Fan Milk through one of its Funds.

In 2013, Danone went into partnership with the Abraaj. Group (Dubai) and acquired. 49% of Fan Milk International, which boasts a network of. 30 000 milk NEW YORK - Oct 24/13 - SNS -- Danone and The Abraaj Group have partnered to buy Fan Milk International, a manufacturer and distributor of frozen dairy Oct 28, 2013 French food products firm, Danone has partnered investment group Abraaj to buy 100% stake in Fan Milk, a leading manufacturer and Oct 27, 2020 In 1919, the Spanish Doctor Isaac Carasso founded the Danone "Danone to join Abraaj Group in Fan Milk International acquisition", "Danone To read this article, you must be a paid subscription member.

Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, Franske Danone, der er verdens næststørste mejerikoncern, træder ind i ejerskabet af Fan Milk International med 49%, mens Abraaj Group beholder de 51% af aktierne i selskabet, skriver FoodIngredients.

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.

The deals, announced alongside Danone's results for 2015, follow a move in December to buy another 5% of Moroccan subsidiary Centrale Danone, a … 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). 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.

Oct 24, 2013 Danone, the world's biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana's Fan Milk International.

French dairy producer Danone is continuing its push into Africa with a $25m investment, together with private equity firm Abraaj Group, in west Africa-based Fan Milk, the companies said on Tuesday. 2013-10-24 Fan Milk Limited is a Ghanaian dairy retailer based in Accra.It has since begun operating in Benin, Togo and Burkina Faso.They are listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index.It was incorporated in 1960 and was previously known as the Ghanaian Milk Company.It took advantage of Danish investment in the early 1960s and initially specialised in pasteurized milk. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International.

Global growth markets investor The Abraaj Group has announced a partnership agreement whereby French food-products corporation Danone will join in the acquisition of Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa. Danone Partners With Abraaj In Fan Milk Acquisition World’s largest yoghurt maker, Danone has partnered with Dubai private equity firm Abraaj Group to buy Fan Milk International (FMI), a frozen dairy products and juices maker in West Africa with sales of around $26.3 million in 2012. 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 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-executive director of Fan Milk Ghana.
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About us FAN MILK S.A TOGO est une société anonyme d’un capital social de 510 millions de Francs CFA détenu en majorité par FAN MILK INTERNATIONAL en joint-venture avec Danone et ABRAAJ. May 23, 2017 It is being made together with The Abraaj Group – the Dubai-based private equity investor that has owned a 51% stake in Fan Milk since the Oct 24, 2013 Danone, the world's biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana's Fan Milk International. Oct 24, 2013 Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International.

As at 2013 Abraj and Danone are joint owners of Fan Milk with each of them having 51% and 49% stake in Fan Milk respectively. Danone became a majority shareholder in 2016. On July 30, 2019, Danone acquires the remaining 49% shares of Abraaj to increase its stake to 100%.
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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 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 Abraaj joined the Fan Milk Limited board. Photo source: SpyGhana.com Following the acquisition by Danone and Abraaj, Fan Milk Limited announced that it would reduce its investment in Ghana during 2014.