Danone Increases Stake in Morrocan Dairy Business
November 05
10:22
2014
Danone is acquiring an additional 21.75% interest in Centrale Laitière of Morocco from SNI for €278 million. The transaction will raise Danone’s equity stake in Centrale Laitière to 90.86%. Danone has been a majority shareholded in Centrale Laitière since 2013.
Centrale Laitière is Morocco’s leading producer of fresh dairy products with market share of nearly 60%. Sales total around €500 million in a fast-growing market and it has Morocco’s largest distribution network with 38 logistic units serving 75,000 points of sale. Danone and Centrale Laitière have been partners in Morocco since 1953.
