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  01/01/2008
Groupe Danone exits joint venture with Mengniu in China

Groupe Danone has pulled out of a joint venture deal with Chinese dairy company Mengniu after just one year. The French company signed a series of joint venture contracts with Mengniu Dairy Group in December 2006. Although some co-operation, as outlined in these contracts, had begun, several conditions were not sufficiently advanced and the prerequisites for further investments had not been met within the agreed timeframe. So both parties agreed to terminate the joint venture deal on 18 December 2007.



 
     
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