Danone Buys 40% of Kenya’s Brookside to Expand African Footprint
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Danone, the world’s biggest yogurt maker, said it acquired 40 percent of Brookside Dairy Ltd. in Kenya to expand its presence in Africa after buying a stake in a Ghanaian milk producer nine months ago.
The purchase, for an undisclosed sum, will enable Brookside to expand its product portfolio and its presence in Uganda and Tanzania, the Paris-based company said in an e-mailed statement. In October, Danone partnered with Dubai-based private equity firm Abraaj Group to acquire Fan Milk International of Ghana.