01 Mar 2021 --- Danone is preparing to sell its stake in the Chinese dairy group Mengniu Dairy Company Limited. The French dairy giant has moved toward disposing of its stake as part of its ongoing portfolio review. Danone says that it has reached an agreement with COFCO Dairy Investments Limited (CDI) to convert Danone’s stake in China Mengniu Dairy Company, currently held indirectly, into a direct holding.
