Danone buys Kenyan dairy firm stake to add African markets
date:Jul 21, 2014
euros to take control of Morocco's top dairy firm, Centrale Laitiere.

Dubai equity firm Abraaj Group, which is Danone's partner in the Fan Milk venture, is also a longtime investor in Brookside and keeps a 10 percent stake. The Kenyatta family, which before the deal owned a 90 percent stake, will retain the rest of the capital.

The Kenyatta family business is one of the biggest in Africa, including land holdings, hotels, media and a stake in a bank. It was created in the 1960s and 1970s when K
5/7 next page prev page home page last page
go back |  refresh |  WAP home |  Web page version  | login
07/07 02:58