date:Jun 29, 2012
Egypt, of which 900m will be from dairy products.
The company also plans to launch baby food and medical nutrition products in the region, he added.
The acquisition, which is subject to the approval of relevant authorities, is expected to be completed by the end of 2012.
Danone noted that with the majority stake, it will completely integrate Centrale Laitire into its consolidated accounts, and expects the transaction to be accretive to the earnings per share from the first year.
Centrale Laitire