Page 4 - கைவினைஞர் கூட்டாளர்கள் சொத்து மேலாண்மை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Danone Plans to Sell China Dairy Stake to Appease Shareholders Bloomberg 3/1/2021 (Bloomberg) Danone is preparing to sell its stake in a Chinese dairy company to fund stock buybacks as the French company tries to boost shareholder returns amid pressure from disgruntled investors. Danone said Sunday it plans to sell its stake in China Mengniu Dairy Co., which has a market value of more than $2 billion, later this year. Most of the proceeds would be used to fund share repurchases. Danone shares rose as much as 2.6%. The announcement comes hours before Danone’s board reportedly meets to discuss its response to calls from investors such as Artisan Partners Asset Management Inc. for management changes. Danone Chairman and Chief Executive Officer Emmanuel Faber is facing demands for him to give up one or both of his positions at the company, which he has led since 2014.

Hong kongEmmanuel faberChristopher goodney bloombergArtisan partners asset management incChina mengniu dairy coArtisan partners asset managementChief executive officer emmanuel faberBloomberg danoneCapital partnersOpen talks with shareholdersஹாங் காங்இம்மானுவேல் ஃபேபர்கைவினைஞர் கூட்டாளர்கள் சொத்து மேலாண்மை இன்க்கைவினைஞர் கூட்டாளர்கள் சொத்து மேலாண்மைதலைமை நிர்வாகி அதிகாரி இம்மானுவேல் ஃபேபர்மூலதனம் கூட்டாளர்கள்