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Danone prepares to sell US$1bn stake in Mengniu

Danone prepares to sell US$1bn stake in Mengniu Bloomberg Danone SA is paving the way to sell its stake in China Mengniu Dairy Co (ไธญๅœ‹่’™็‰›ไนณๆฅญ) later this year by converting the investment into a direct holding. The 9.8 percent stake is held indirectly and has a book value of 850 million euros (US$1.03 billion), the worldโ€™s largest yogurt maker said in a statement on Sunday. The majority of the proceeds would be returned to shareholders through a share buyback program. Danone SA chief...
France General Hong Kong Patrick Kovarik Emmanuel Faber Juergen Esser Artisan Partners Asset Management Inc

Prosecutors recommend suspended sentence for former French PM Balladur

Prosecutors recommend suspended sentence for former French PM Balladur France 24 02/02/2021 NEWS WIRES ยฉ Patrick Kovarik, AFP Prosecutors in the corruption trial for former French prime minister Edouard Balladur on Tuesday called for him to be sentenced to a one-year suspended prison term. They said the 91-year old, tried on charges he used kickbacks from 1990s arms deals to help finance a presidential bid, should also pay a fine of 50,000 euros ($60,000). Balladurs former d...
Saudi Arabia Patrick Kovarik Nicolas Sarkozy Jacques Chirac Edouard Balladur Francois Leotard
Source: msn.com

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