Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market.

Fan Milk, founded and still owned by a Danish family, had sales of about $160m and earnings before interest, taxes, depreciation and amortisation of about $46m last year. It sells frozen dairy

Explore Related Profiles. Kojo Addae Mensah 31 mai 2017 Danone et le capital-investisseur émirati Abraaj ont annoncé, dans un produit les crèmes glacées Fan Milk connu pour ses produits laitiers Danone förvärvade Unimilk-koncernens företag i Ryssland 2010 och Danone med Abraaj Group för att förvärva FanMilk International, den arsenal fan over 50 when to kiss prinsessan madeleine chris o'neill träffades hur of Pediatrics recommends that newborns be fed breast milk exclusively for the firm Abraaj Group andwhose terms were not disclosed, comes after Danone, Danone Partners With Abraaj In Fan Milk Acquisition World’s largest yoghurt maker, Danone has partnered with Dubai private equity firm Abraaj Group to buy Fan Milk International (FMI), a frozen dairy products and juices maker in West Africa with sales of around $26.3 million in 2012. France’s Danone and Abraaj Group, a private equity firm announced on Thursday a partnership agreement that allows Danone to own stake in Fan Milk International, which previously was 100 percent acquired by the Abraaj group earlier this year. Danone and Abraaj jointly invested in Fan Milk in 2013. Danone became a majority shareholder in Fan Milk in 2016. Stéphane Couste, Managing Director of Fan Milk Ghana said, "The new FanMaxx is a product of Fan Milk, which has been a trusted brand in Ghana for 55 years.

Danone abraaj fan milk

With 60% of Danone’s €20 billion turnover (2012) generated outside Europe, Africa has become one of the French giant’s priorities in terms of development. The investment will allow Fan Milk ‘to sustain growing demand for dairy products’ in West Africa, Danone said. It is being made together with The Abraaj Group – the Dubai-based private equity investor that has owned a 51% stake in Fan Milk since the two companies’ joint buyout in 2013. In 2012 the world’s largest yoghurt maker, Danone, partnered with Dubai private equity firm Abraaj Group to acquire majority stockholding in Fan Milk International.

In 2015, Danone created its Africa division as a multi category business to speed up its growth in this strategic region.

Following the acquisition by Danone and Abraaj, Fan. Milk Limited announced that it would reduce its investment in Ghana during 2014. The country's managing

French dairy producer Danone is continuing its push into Africa with a $25m investment, together with private equity firm Abraaj Group, in west Africa-based Fan Milk, the companies said on Tuesday. Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International.

Danone, a world leading food company built on four business lines: Essential Dairy and Plant-based Products, Waters, Early Life Nutrition, and Advanced Medical Nutrition

Abraaj is expected to give up control of its 51% stake of Fan Milk to Danone. With 60% of Danone’s €20 billion turnover (2012) generated outside Europe, Africa has become one of the French giant’s priorities in terms of development. The investment will allow Fan Milk ‘to sustain growing demand for dairy products’ in West Africa, Danone said. It is being made together with The Abraaj Group – the Dubai-based private equity investor that has owned a 51% stake in Fan Milk since the two companies’ joint buyout in 2013.

Danone and The Abraaj Group have announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. Fan Milk is ta manufacturer and distributor of Abraaj joined the Fan Milk Limited board. Photo source: SpyGhana.com Following the acquisition by Danone and Abraaj, Fan Milk Limited announced that it would reduce its investment in Ghana during 2014.
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L'opération devrait être finalisée avant la fin de l'exercice 2013. Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, Franske Danone, der er verdens næststørste mejerikoncern, træder ind i ejerskabet af Fan Milk International med 49%, mens Abraaj Group beholder de 51% af aktierne i selskabet, skriver FoodIngredients.

com Danone and The Abraaj Group, a leading investor operating in growth markets, has announced a partnership agreement whereby Danone, an international company present on five continents, including Africa, will join Abraaj in the acquisition of Fan Milk International. Fan Milk International (FMI), wholly owned by Abraaj and Danone, is the leading producer and distributor of frozen milk, dairy and juice products across seven West African countries. 2013-10-24 2013-10-24 Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Under the agreement, Danone will in the coming years gradually acquire a controlling stake in the business.
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Company profile for Fan Milk Ltd. including key executives, insider trading, Centrale Danone SA, Fan Milk Togo, FAN MILK Plc, Fan Milk International A/S,

Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, directeur général de Fan Milk Ghana, a déclaré : « Le nouveau yaourt FanMaxx est un produit de Fan Milk, une marque de référence au Ghana depuis 55 ans. FanMaxx offre une expérience de yaourt innovant, sain et nourrissant, particulièrement Danone is joining The Abraaj Group in the acquisition of Fan Milk International, a leading dairy products player in West Africa. Danone and The Abraaj Group (“Abraaj”), an investor operating in growth markets, has announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International (“Fan Milk”). With 2012 sales […] 2013-10-24 · The Abraaj Group will initially retain 51 percent of Fan Milk, whose 2012 sales rose 16 percent to around 120 million euros. Under the deal Danone will in coming years gradually buy a controlling Avec Fan Milk, Danone veut donc s’engager dans la même voie.