As at 2013 Abraj and Danone are joint owners of Fan Milk with each of them having 51% and 49% stake in Fan Milk respectively. Danone became a majority shareholder in 2016. On July 30, 2019, Danone acquires the remaining 49% shares of Abraaj to increase its stake to 100%.

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Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. 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.

2013-10-24 Fan Milk Limited is a Ghanaian dairy retailer based in Accra.It has since begun operating in Benin, Togo and Burkina Faso.They are listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index.It was incorporated in 1960 and was previously known as the Ghanaian Milk Company.It took advantage of Danish investment in the early 1960s and initially specialised in pasteurized milk. 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 acquire a controlling stake in the Press release - May 23, 2017 The Danone and Abraaj Group partnership expands Fan Milk's production capacity in Ghana Factory extension will support launch of FanMaxx, a new Fan Milk creamy drinkable yogurt Danone, together with The Abraaj Group (Abraaj), a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. 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 Danone and The Abraaj Group have announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. Fan Milk is ta manufacturer and distributor of Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. 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 abraaj 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. Danone has been active in Africa since 1953, when the company launched its first foreign subsidiary in Morocco. In 2015, Danone created its Africa division as a multi category business to speed up its growth in this strategic region. 2013-10-24 · Danone, the world’s biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana’s Fan Milk International.

Fan Milk est présent en Côte d’Ivoire, au Ghana, au Burkina Faso, au Togo, au Bénin et au Nigeria, six pays qui rassemblent plus de 250 millions de consommateurs potentiels.

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 (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in FanMilk. In 2019, Danone secured Abraaj’s stake in FanMilk becoming the sole majority shareholder of FanMilk. Danone, a world leading food company built on four business lines: Essential Dairy and Plant-based Products, Waters, Early Life Nutrition, and Advanced Medical Nutrition Danone and Abraaj jointly invested in Fan Milk in 2013.

Danone abraaj fan milk

2013-10-24 · Danone and The Abrj Group, an investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abrj in the acquisition of Fan Milk International. "With 2012 sales of around EUR 120 million, Fan Milk is the leading manufacturer and distributorof frozen dairy products and juices in West Africa.

Danone increased its stake in Fan Milk International to 100% after transaction on July 30, the dairy product manufacturer’s Accra-based unit says in statement emailed by Ghana Stock Exchange. * Zahi El Khatib resigns as non-executive director of Fan Milk Ghana. 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 … 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 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.

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. Danone and The Abraaj Group have announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. Fan Milk is ta manufacturer and distributor of Abraaj joined the Fan Milk Limited board. Photo source: SpyGhana.com 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 director said that the board had made this decision owing to recent electricity shortages in the Danone and The Abraaj Group (“Abraaj”), a leading investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International. Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate Danone et Abraaj ont conjointement investi dans Fan Milk en 2013.
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It sells frozen dairy Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra.

Fan Milk's leading shareholders included Danone, a global food and beverage company. and Abraaj, a Dubai private equity group.
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Abraaj et Danone détiendront respectivement 51% et 49% de Fan Milk International. L'opération devrait être finalisée avant la fin de l'exercice 2013.

5 days ago In June 2013, private equity firm The Abraaj Group of Dubai acquired Fan Milk International. FML • 1.09 ▫ 0.00.


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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 acquire a controlling stake in the

Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. 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. To read this article, you must be a paid subscription member.

Franske Danone, der er verdens næststørste mejerikoncern, træder ind i ejerskabet af Fan Milk International med 49%, mens Abraaj Group beholder de 51% af aktierne i selskabet, skriver FoodIngredients. Det er dog meningen, at Danone i løbet af de kommende år gradvist skal købe sig til en aktiemajoritet.

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 By: Masahudu Ankiilu Kunateh Email:mk68008@gmail. com Danone and The Abraaj Group, a leading investor operating in growth markets, has announced a partnership agreement whereby Danone, an international company present on five continents, including Africa, will join Abraaj in the acquisition of Fan Milk International. Fan Milk est présent en Côte d’Ivoire, au Ghana, au Burkina Faso, au Togo, au Bénin et au Nigeria, six pays qui rassemblent plus de 250 millions de consommateurs potentiels. Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016.

Abraaj joined the Fan Milk Limited board. Photo source: SpyGhana.com Following the acquisition by Danone and Abraaj, Fan Milk Limited announced that it would reduce its investment in Ghana during 2014.