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.

23 mai 2017 PARIS (Reuters) - Danone a augmenté les capacités de production de Danone et Abraaj ont investi conjointement dans Fan Milk en 2013 et

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. The total investment of USD 25 million will help Fan Milk (Ghana) Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. In June this year, Abraaj Group announced the acquisition of a 100 percent stake in Fan Milk through one of its funds. However, the new deal with Danone will see it acquire only 51 percent stake while the dairy maker will get the remaining 49 percent. In the coming years, Danone will gradually acquire controlling stake in the business.

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The investment will be used to open new production lines at an existing factory, creating around 200 jobs, according to the investors. Danone, and investors The Abraaj Group (Abraaj), have added three new production lines to Fan Milk’s factory in Accra, Ghana. The new production lines will create about 200 jobs. The $25m investment will help Fan Milk (Ghana) Ltd, Danone’s local subsidiary, to sustain the demand for dairy products in the West African market. Danone and The Abraaj Group have announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. Fan Milk is ta manufacturer and distributor of 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 2021-03-23 · Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory at Accra in Ghana.

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

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. 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.

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FLEET MAINTENANCE EQUIPMENT MANAGER AT ALSAFI DANONE - ALFAISALIAH GROUP - KSA. Saudiarabien. AL. Abraaj Co. جامعة الملك عبد العزيز ">cost abilify 10 mg The deal with Dubai private equity firm Abraaj Group andwhose terms were not disclosed, comes after Danone, the world'slarg. Commercial property investment, Chipshol, T9 tower, Orchid, Danone, Early Acibadem, Akasya shopping center, Park vera, Baskent, A1 grup, The abraaj The names DANETTE and DANITO were created.

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.
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French food products firm, Danone has partnered investment group Abraaj to buy 100% stake in Fan Milk, a leading manufacturer and distributor of (Boursier.com) — Les fonds Abraaj Group vont racheter la société africaine Fan Milk avec l'appui de Danone. A l'issue de la transaction, ils détiendront 51% du capital et le groupe français Abraaj et Danone détiendront respectivement 51% et 49% de Fan Milk International. L'opération devrait être finalisée avant la fin de l'exercice 2013. Danone, en partenariat avec le Groupe Abraaj (Abraaj), un capital-investisseur de premier plan actif dans les pays émergents, a ajouté trois lignes de production à son usine d’Akosombo, à May 23, 2017 French dairy group teams up with PE firm Abraaj to pump $25m into Fan Milk.

2013-10-24 Home Deals Danone and Abraaj in $25mln follow-on deal for Fan Milk Danone and Abraaj in $25mln follow-on deal for Fan Milk. June 4, 2017 Deals, Private Equity 1. To read this article, you must be a paid subscription member.
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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.

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

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 Danone Institute International is a non-profit organization originally established with funding from Danone. The association promotes the exchange of information related to the relationship between diet, nutrition and health. The Danone Institute International comprises more than 220 scientific experts, and may be considered as a think tank. Danone has highlighted investors’ increasing appetite for Africa’s consumer brands with the acquisition of a 49 per cent stake in Fan Milk International, west Africa’s largest maker of 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. 2013-10-24 · Danone, the world’s biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana’s Fan Milk International. 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.

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 Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate 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 … The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its funds in June 2013.