Danone to double China share

CHINA – Groupe Danone is to increase its stake in Chinese dairy company Bright Dairy and Food co to 9.7%.

The move, which has been announced by Bright on the Chinese stock exchange, will take place through two share transfer deals.

Previously, Danone’s Danone Asia Pte Ltd unit held a 3.85 per cent stake in the Shanghai company.

According to the statement, Danone will buy more than 40 million shares at a cost of 121 million yuan (