Milk sector stirs as Danone buys Yashili stake

French yoghurt maker Danone agrees to buy a 25% stake in Yashili for $567 million, allowing it to widen its brands and distribution network in China.

French yoghurt maker Danone on Friday agreed to buy a 25% stake in Hong Kong-listed Yashili International Holdings for HK$4.4 billion (US$567 million), enabling it to expand its brands and distribution footprint in mainland China.

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