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Under shareholder pressure, Danone seeks to sell Chinese asset A cow in a Chinese dairy farm. Photo: Bloomberg March 1, 2021 Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and governance. Danone said in a statement that following a review of its portfolio it had reached an agreement to convert its indirect stake in China Mengniu Dairy Company Limited into a 9.8% direct holding in the Hong Kong-listed group. A sale of the direct stake could follow this year in one or in several transactions and depending on market conditions, Danone said, adding that most of the gains would be used to buy back its own shares.

Emmanuel faberJuergen esserChina mengniu dairy companyChina mengniu dairy company limitedHong kong listedFinancial officer juergen esserChief executive emmanuel faberArtisan partnersBluebell capital partnersஇம்மானுவேல் ஃபேபர்ஜூர்கன் கட்டுரைஹாங் காங் பட்டியலிடப்பட்டுள்ளதுநிதி அதிகாரி ஜூர்கன் கட்டுரைதலைமை நிர்வாகி இம்மானுவேல் ஃபேபர்கைவினைஞர் கூட்டாளர்கள்புளூபெல் மூலதனம் கூட்டாளர்கள்