Danone Acquires Additional 21.75% Stake in Centrale Laitière (Morocco)

04 Nov 2014 --- Danone is to acquire an additional 21.75% interest in Centrale Laitière (Morocco) from SNI for an amount of €278 million. The transaction will raise Danone’s equity stake in Centrale Laitière to 90.86%.

This operation follows a transaction in 2013 that made Danone Centrale Laitière’s majority shareholder.

Centrale Laitière is Morocco’s leading producer of fresh dairy products with market share of nearly 60%. Sales total around €500 million in a fast-growing market and it has Morocco’s largest distribution network with 38 logistic units serving 75,000 points of sale. Danone and Centrale Laitière have been partners in Morocco since 1953.