Danone and The Abraaj Group (“Abraaj”), a leading investor operating in growth markets, last week announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International (“Fan Milk”). With 2012 sales of around €120 million, Fan Milk is the leading manufacturer and distributor of frozen dairy products and juices in West Africa.

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Following the acquisition by Danone and Abraaj, Fan. Milk Limited announced that it would reduce its investment in Ghana during 2014. The country's managing 

Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, directeur général de Fan Milk Ghana, a déclaré : « Le nouveau yaourt FanMaxx est un produit de Fan Milk, une marque de référence au Ghana depuis 55 ans. FanMaxx offre une expérience de yaourt innovant, sain et nourrissant, particulièrement Danone is joining The Abraaj Group in the acquisition of Fan Milk International, a leading dairy products player in West Africa. Danone and The Abraaj Group (“Abraaj”), an investor operating in growth markets, has announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International (“Fan Milk”).

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The new production lines will create about 200 jobs. The $25m investment will help Fan Milk (Ghana) Ltd, Danone’s local subsidiary, to sustain the demand for dairy products in the West African market. 2021-03-23 · Danone and Abraaj jointly invested in Fan Milk in 2013. Danone became a majority shareholder in Fan Milk in 2016.

30 000 milk  NEW YORK - Oct 24/13 - SNS -- Danone and The Abraaj Group have partnered to buy Fan Milk International, a manufacturer and distributor of frozen dairy  Oct 28, 2013 French food products firm, Danone has partnered investment group Abraaj to buy 100% stake in Fan Milk, a leading manufacturer and  Oct 27, 2020 In 1919, the Spanish Doctor Isaac Carasso founded the Danone "Danone to join Abraaj Group in Fan Milk International acquisition", "Danone  To read this article, you must be a paid subscription member.

Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Under the agreement, Danone will in the coming years gradually 

Danone has highlighted investors’ increasing appetite for Africa’s consumer brands with the acquisition of a 49 per cent stake in Fan Milk International, west Africa’s largest maker of Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy Abraaj originally agreed in June 2013 to acquire a 100% stake of Fan Milk, but cut Danone into the deal in exchange for the company's fresh dairy category knowledge.

Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market.

With 2012 sales of around Eur120 million, Fan Milk is the leading manufacturer and distributor of frozen dairy products and juices in West Africa. Global growth markets investor The Abraaj Group has announced a partnership agreement whereby French food-products corporation Danone will join in the acquisition of Fan Milk International (FMI), a manufacturer and distributor of frozen dairy products and juices in West Africa.

Danone abraaj fan milk

The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra. The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market. The combination of Danone’s know-how in the fresh dairy category alongside Abraaj’s 20 year investment experience, insights and local presence on the African continent will boost Fan Milk’s Home Deals Danone and Abraaj in $25mln follow-on deal for Fan Milk Danone and Abraaj in $25mln follow-on deal for Fan Milk. June 4, 2017 Deals, Private Equity 1. En juin 2013, le capital-investisseur émirati Abraaj avait racheté la société Fan Milk pour 350 millions de dollars, avant d’en rétrocéder 49% du capital à Danone quelques mois plus tard.
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Abraaj originally agreed in June 2013 to acquire a 100% stake of Fan Milk, but cut Danone into the deal in exchange for the company's fresh dairy category knowledge. “We look forward to partnering with Danone in order to accelerate the growth and penetration of Fan Milk’s portfolio of leading consumer food brands across West Africa,” said Arif Naqvi, the founder and CEO of The Abraaj Group. Today, Fan Milk Limited has a veritable success story to boast of. In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in FanMilk.

The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013. Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. French dairy producer Danone is continuing its push into Africa with a $25m investment, together with private equity firm Abraaj Group, in west Africa-based Fan Milk, the companies said on Tuesday.
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Danone has highlighted investors’ increasing appetite for Africa’s consumer brands with the acquisition of a 49 per cent stake in Fan Milk International, west Africa’s largest maker of

On July 30, 2019, Danone acquired the remaining 49% shares of Abraaj to increase its stake to 100%. French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy In 2016, Danone became the majority shareholder in Fan Milk, which also operates in Nigeria, Ivory Coast, Ghana, Burkina Faso, Togo and Benin.


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Fan Milk is a manufacturer and retailer of ice-cream and frozen dairy products. Fan Milk was bought out by Abraaj Group on Jun 19, 2013 . Transaction Name.

With the investment, Danone intends to strengthen its subsidiary Fan Milk and help the company meet growing demand in the regional West African market. Established in 1962, FanMilk is reported to be one of the oldest milk brands in Ghana.