Deals
Danone Joins Dubai-Based Abraaj in Ghana Fan Milk Buyout
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Danone, the world’s biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana’s Fan Milk International.
Abraaj, which previously said it would buy all the dairy producer, will now take a 51 percent and Danone the remainder, according to a statement today from the two companies. Under the agreement, Paris-based Danone will acquire a controlling share in the company in coming years.