2013-10-27 · French food products firm, Danone has partnered investment group Abraaj to buy 100% stake in Fan Milk, a leading manufacturer and distributor of frozen dairy products and juices in West Africa. Both announced the partnership October 24, 2013. Abraaj, in June this year announced its agreement to acquire 100% of Fan Milk through one of its Funds.

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.

The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market. 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. 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. 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.

Danone abraaj fan milk

On July 30, 2019, Danone acquired the remaining 49% shares of Abraaj to increase its stake to 100%. Danone, and investors The Abraaj Group (Abraaj), have added three new production lines to Fan Milk’s factory in Accra, Ghana. 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 became a majority shareholder in Fan Milk in 2016. Stéphane Couste, Managing Director of Fan Milk Ghana said, "The new FanMaxx is a product of Fan Milk, which has been a trusted brand in Ghana for 55 years. Danone and The Abraaj Group have invested $25 million into Ghanaian dairy products portfolio company Fan Milk.

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. In 2019, Danone secured Abraaj’s stake in FanMilk becoming the sole majority shareholder of FanMilk.

The country’s managing director said that the board had made this decision owing to recent electricity shortages in the Danone initially held 49% of Fan Milk, with Abraaj owning 51%, but Danone now has a controlling stake in the business. The deals, announced alongside Danone's results for 2015, follow a move in December to buy another 5% of Moroccan subsidiary Centrale Danone, a … In October 2013, the French dairy company Danone announced that it had joined with the Abraaj Group to acquire Fan Milk International (FMI) (the two companies hold 49% and 51% shareholdings respectively). FMI is a dairy and fruit juice distribution company with a major distribution network across six West African countries (Ghana, Nigeria, Togo, Burkina Faso, Benin and Côte d’Ivoire).

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.

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, 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. 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 As at 2013 Abraj and Danone became joint owners of Fan Milk with each of them having 51% and 49% stake in Fan Milk respectively.

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.
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Fan Milk's leading shareholders included Danone, a global food and beverage company. and Abraaj, a Dubai private equity group.

The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market.
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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.

Danone et la société d'investissement Abraaj se sont associés pour l'acquisition de Fan Milk International, un acteur majeur des produits laitiers en Afrique de l'Ouest. About us FAN MILK S.A TOGO est une société anonyme d’un capital social de 510 millions de Francs CFA détenu en majorité par FAN MILK INTERNATIONAL en joint-venture avec Danone et ABRAAJ.

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

In 2013, Danone and Abraaj jointly invested in the company and Danone acquired a majority stake last year. 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. 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 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 2021-03-23 Danone, and investors The Abraaj Group (Abraaj), have added three new production lines to Fan Milk’s factory in Accra, Ghana.

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.

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. Home Deals Danone and Abraaj in $25mln follow-on deal for Fan Milk Danone and Abraaj in $25mln follow-on deal for Fan Milk.

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. (Current members login here) [] Nov 7, 2013 Two new foreign investors-Danone and The Abraaj Group have acquired 100 per cent equity stake in Fan Milk International, the parent Mar 17, 2014 Fan Milk Ltd, the dairy producer owned by private-equity firm Abraaj Group and Danone SA, said it will cut investment in Ghana because of 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. 5 days ago In June 2013, private equity firm The Abraaj Group of Dubai acquired Fan Milk International.