date:Jun 29, 2012
Danone, which held a 29.2% stake in Centrale Laitire since 2001, raised its stake by buying a part of the shareholding of Socit Nationale d'Investissement (SNI), an investment vehicle owned by Morocco's royal family.
According to Danone, this transaction confirms the strategic appeal of markets in North Africa for the company.
Danone chief executive Franck Riboud told French daily Les Echos in an exclusive interview that the company plans to generate 1bn sales from Morocco, Algeria, Tunisia and