Danone announces plans to acquire minority stake in Brookside Dairy, East Africa's top dairy producer
January 15, 2014
– Danone SA has announced plans to acquire a minority stake in Brookside Dairy, East Africa's top dairy producer, The Africa Report reported Jan. 14.
Danone is looking to acquire the shares owned by Abraaj as it looks to increase its presence in Sub-Saharan Africa.
Brookside Dairy buys an average of 500,000 liters of milk per day from about 125,000 Kenyan farmers.
The primary source of this article is The Africa Report, Paris, France, on Jan. 14, 2014.