STAT Communications Ag Market News

Danone and Abraaj Buy Fan 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 products and juices in West Africa.

Fan Milk had sales of Euros 120 million in 2012. Since its establishment over 50 years ago, Fan Milk has expanded into Ghana, Nigeria, Togo, Burkina Faso, Benin and Ivory Coast.

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