Danone to acquire 49.9% stake in New Zealand’s dairy company

NEW ZEALAND – Danone, a French multinational food-products corporation, has signed a non-binding agreement to acquire a 49.9% stake in Yashili New Zealand Dairy Company, after its Danone Asia Pacific Holdings (DAPH) subsidiary agreed a memorandum of understanding with Yashili International. According to FoodBev, the exact terms of the proposed purchase have not been disclosed…