date:Mar 10, 2014
making an offer.
PURSUIT OF GROWTH
Danone is trying to reduce its dependence on slow growth Europe and has been expanding in emerging markets, notably China. These markets now make up 40 percent of group sales.
Earlier this month, Danone spent 486 million euros to boost its stake in China's top dairy firm Mengniu Dairy Co to 9.9 percent, as it aims to tap into booming local demand and secure greater control over supply quality in a region which has been hit by food safety scares..
Danone ha