date:Mar 25, 2014
China Danone is working to convince Chinese parents to trust its baby-formula brands, after a food safety warning in the country from Fonterra, which led to the recall of huge amounts of formula across a number of Asian countries.
As well as Nestl, the German healthcare group, Fresenius is another strong contender for the Danone medical nutrition unit. Last month Reuters reported that Fresenius was considering making a bid of up to 4 billion euros for the business, which would complement Frese