Paris, May 13 , 2021
Danone has finalized the strategic sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited, which was originally announced on May 12, 2021.
The transaction resulted in total gross proceeds of HKD 15.4 billion, representing c. €1.6 billion. The settlement of the transaction will take place on May 17, 2021.
In line with Danone’s disciplined capital allocation, the majority of the proceeds will be returned to shareholders through a share buyback program. The details of the program will be announced upon initiation.
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