Indofood buys Danone Dairy Indonesia

Indofood CBP Sukses Makmur, Indonesia’s biggest maker of instant noodles, has purchased 100% of French dairy giant Danone’s Dairy Indonesia business. This will include the trademark of the Milkuat milk beverage and all the shares. The 250 bn rupiah (€16.4 million) buy is due to be completed by year end.