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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.

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.