Danone Invests EUR100 Million in Specialized Nutrition in China
July 16 2020 - 3:22AM
Dow Jones News
By Giulia Petroni
Danone SA said Thursday that it would invest 100 million euros
($114.2 million) in its specialized nutrition segment in China.
The French food company said the investments include the opening
of a research center in Shanghai, as well as the acquisition of
infant-milk formula brand Murray Goulburn Dairy (Qingdao) Co Ltd
from Saputo Dairy Australia Pty Ltd.
The investment will also benefit the further development of the
offerings of Danone's food for special medical purposes, the
company said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 16, 2020 03:07 ET (07:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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