Danone increased its stake in Fan Milk International to 100% after transaction on July 30, the dairy product manufacturer’s Accra-based unit says in statement emailed by Ghana Stock Exchange. * Zahi El Khatib resigns as non-executive director of Fan Milk Ghana.

In October 2013, the French dairy company Danone announced that it had joined with the Abraaj Group to acquire Fan Milk International (FMI) (the two companies hold 49% and 51% shareholdings respectively). FMI is a dairy and fruit juice distribution company with a major distribution network across six West African countries (Ghana, Nigeria, Togo, Burkina Faso, Benin and Côte d’Ivoire).

Danone and The Abraaj Group have invested $25 million into Ghanaian dairy products portfolio company Fan Milk. The investment will be used to open new production lines at an existing factory, creating around 200 jobs, according to the investors. Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in FanMilk.

Danone and The Abraaj Group (“Abraaj”), a leading investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. French dairy producer Danone is continuing its push into Africa with a $25m investment, together with private equity firm Abraaj Group, in west Africa-based Fan Milk, the companies said on Tuesday. Danone and the Abraaj Group hold 49% and 51% stakes in Fan Milk, which operates in Nigeria, Ghana, the Ivory Coast, Burkina Faso, Benin, and Togo. Danone’s interest in Fan Milk will, however, increase gradually into a controlling stake. It also boasts operations in South Africa, Morocco, and Egypt.

France’s Danone and Abraaj Group, a private equity firm announced on Thursday a partnership agreement that allows Danone to own stake in Fan Milk International, which previously was 100 percent acquired by the Abraaj group earlier this year.

In June, Danone will launch FanMaxx, a … 2020-06-05 Danone and The Abraaj Group, a leading investor operating in growth markets, have agreed to jointly acquire Fan Milk International. With 2012 sales of around Eur120 million, Fan Milk is the leading manufacturer and distributor of frozen dairy products and juices in West Africa. Danone, together with The Abraaj Group (Abraaj), a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana.

Danone S.A. is a multinational food-products corporation based in Paris and founded in In October 2013, Danone teamed up with Abraaj Group to acquire FanMilk International, the leading manufacturer and distributor of frozen dairy

Danone and the Abraaj Group hold 49% and 51% stakes in Fan Milk, which operates in Nigeria, Ghana, the Ivory Coast, Burkina Faso, Benin, and Togo. Danone’s interest in Fan Milk will, however, increase gradually into a controlling stake. It also boasts operations in South Africa, Morocco, and Egypt. 2013-10-24 Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International.

Danone and The Abraaj Group announced a partnership agreement where Danone will join Abraaj in the acquisition of Fan Milk International. Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand … 2013-10-24 French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy 2021-03-23 Abraaj is expected to give up control of its 51% stake of Fan Milk to Danone. With 60% of Danone’s €20 billion turnover (2012) generated outside Europe, Africa has become one of the French giant’s priorities in terms of development. Danone and The Abraaj Group, a leading investor operating in growth markets, has announced a partnership agreement whereby Danone, an international company present on five continents, including 2013-10-24 Press release - May 23, 2017 The Danone and Abraaj Group partnership expands Fan Milk's production capacity in Ghana Factory extension will support launch of FanMaxx, a new Fan Milk creamy drinkable yogurt Danone, together with The Abraaj Group (Abraaj), a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana.
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L'investissement rentre dans le cadre de l’élargissement Besides Danone, 10 per cent is owned by equity firm Abraaj and the rest is held by the Kenyatta family. The firm, which operates in 140 countries, has investments in Africa worth 1 billion Euros Danone initially held 49% of Fan Milk, with Abraaj owning 51%, but Danone now has a controlling stake in the business. The deals, announced alongside Danone's results for 2015, follow a move in December to buy another 5% of Moroccan subsidiary Centrale Danone, a transaction that gave the company 95% of the business. Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013.

Abraaj is Mars and Danone have set up a fund designed to tackle poverty among smallholder farmers. Oct 28, 2013 The combination of Danone's know-how in the fresh dairy category alongside Abraaj's 20 year investment experience, insights and local FMO participates in an investment consortium alongside The Abraaj Group and Danone in the acquisition of a 100% stake in Fan Milk in order to further the 26 mai 2017 Danone et le capital-investisseur émirati Abraaj ont annoncé, dans un communiqué publié mardi 23 mai, leur intention d'investir 25 millions de In October 2013, Danone teamed up with Abraaj Group to acquire FanMilk International, the leading manufacturer and distributor of frozen dairy products and Dubai's Abraaj Group has announced a partnership agreement with French food giant Danone to conduct a joint acquisition of Ghanaian dairy interest, Fan Milk 1 day ago The company was then acquired and owned by a joint partnership of a world food processing company Danone and Abraaj, a private equity Group of Companies in Danone Russia. His role as General Manager of Fan Milk Ghana allowed for a joint venture between Abraaj and the Danone Group.
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Le duo Danone-Abraaj vient d'annoncer le renforcement des capacités de production de leur filiale au Ghana. Le groupe agro-industriel français et le capital-investisseur émirati ont débloqué une enveloppe de 25 millions de dollars qui sera allouée à l'installation de trois nouvelles lignes de production à l'usine Fan Milk d'Akosombo, près de la capitale Accra.

Some of the company's products are branded Dannonin the United States. Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra. The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market.

Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra. The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market.

Under the agreement, Danone will in the coming years gradually acquire a controlling stake in the business. Danone looking to expand in West Africa 18 January 2014 In October 2013, the French dairy company Danone announced that it had joined with the Abraaj Group to acquire Fan Milk International (FMI) (the two companies hold 49% and 51% shareholdings respectively). Divestment of Fan Milk, the leading manufacturer of frozen dairy products and juices in West Africa, to Danone/Abraaj Merger of SATS and Elixia, two leading Nordic fitness chains Divestment of Kelsen Group, the leading Danish butter cookie manufacturer, to Campbell Soup Company Le duo Danone-Abraaj vient d'annoncer le renforcement des capacités de production de leur filiale au Ghana.

In 2019, Danone secured Abraaj’s stake in Fan Milk becoming the sole majority shareholder of Fan Milk. DANONE/ABRAAJ INVEST $25m IN FAN MILK Danone and private equity firm Abraaj Group are investing US$25m in their co-owned Ghana-based dairy company Fan Milk to tap into them arket orf y ogurt and otherda irypr od - ucts in West Africa’s second largest economy. In June, Danone will launch FanMaxx, a new L’investissement témoigne également de l’engagement de Danone et d’Abraaj en faveur de la fabrication locale et du développement de la marque Fan Milk dans la région sur le long terme. Les nouvelles lignes de production créeront environ 200 emplois qualifiés à un moment où le chômage des jeunes est l’un des défis les plus pressants auxquels font face de nombreux pays africains. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its funds in June 2013.