date:May 20, 2013
said, I hope COFCO and Danone will take today's cooperation in dairy sector as a starting point, and explore more cooperation opportunities in the future by leveraging respective advantages in marketing, channel, product and management, in order to jointly develop the Chinese market.
Danone will own an indirect stake of about 4% in Mengniu, with an aim to increase the interest in Mengniu based on market conditions in the future.
In addition, Danone and Mengniu entered into a separate framework