Deals
Danone Plans to Sell China Dairy Stake to Appease Shareholders
- Yogurt maker to sell China Mengniu stake to fund buybacks
- Stake in dairy company is worth more than $2 billion
Mengniu Dairy products on sale at a store in Beijing.
Photographer: Wang Zhao/AFP/Getty Images
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Danone is preparing to sell its stake in a Chinese dairy company to fund stock buybacks as the French company tries to boost shareholder returns amid pressure from disgruntled investors.