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Danone buys 25% of China infant milk firm

Sat, Nov 01, 2014 - 5:50 AM

Shanghai

DAIRY giant Danone SA will buy a 25 per cent stake in China's Yashili International for US$550 million, gaining an additional route into the Chinese market for infant milk formula.

Danone's key Dumex brand is battling to win back consumers after it lost ground last year in...

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