Danone finalises divestiture of China Mengniu stake

Danone has finalised the sale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €1.6 billion.Under the terms of the agreement, the majority of the proceeds will zinc bisglycinate or zinc picolinatebe returned to shareholders through a share buyback programme, with further details to be announced.Danone has finalised the sale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €1.6 billion.The French company announced back in March its intentions to convert and sell thchelated zinc overdosee stake, as part of an ongoing portfolio review process.Danone has finalised the sale of its approximately 9.8% minority stake in Chinese dairy business China Mengniu Dairy for €1.6 billion.Earlier this chelated zinc cvsyear, Danone announced that Emmanuel Faber was steppingneolife zinc supplement down as chairman and chelated zinc meaningCEO, following recent pressure for governance changes from shareholders.