date:Jul 21, 2014
French food group Danone said it was buying a 40 percent stake in Brookside, East Africa's top dairy producer, as part of plans to expand in new markets while growth is weak in Europe and the economy slows in China.
The deal, whose financial terms were not disclosed, was sealed with the controlling Kenyatta family, relatives of Kenya President Uhuru Kenyatta, and will boost Danone's earnings, Emmanuel Marchant, vice-president for corporate development, told Reuters by phone on Friday.
Africa i