24 June 1998
Danone invests in Chinese water

DANONE, the French agro-food business, has acquired a controlling stake in two of Chinas leading bottled water producers and distributors.

The group paid an undisclosed sum for the purchase of 60% of Health, a quoted company that operates two brands – Health and Yili – in the Guangdong region of southern China.

  • Financial Times 24/06/98 page 27