Mar 31, 2021
Monthly Digest: China Food Sector in March 2021

Company Dynamics

1. Danone reached an agreement with COFCO Dairy Investments Limited to covert Danone’s stake in China Mengniu Dairy Company Limited, currently held indirectly, into a direct holding and would consider reducing its holdings in the next step. The move means Danone and its China partner would go separate ways and become competitors. Also in this month, Danone announced to oust Emmanuel Faber as chairman and CEO at Danone.

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Shine Hu
ChemLinked Research Analyst
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