Danone Asia Pacific Holdings (DAPH), a subsidiary of French food giant Danone, has signed a non-binding agreement to increase its stake in Yashili New Zealand Dairy Company from 49.9%. Yashili's range of products includes infant formula, which is sold domestically and exported to China, and the deal is expected to increase DAPH's presence in the market. Yashili opened an infant formula factory in Pokeno in 2015 that produces 50,000 metric tonnes annually.
Danone Asia Pacific Holdings (DAPH), a subsidiary of French food giant Danone, has signed a non-binding agreement to increase its stake in Yashili New Zealand Dairy Company from 25% to 49.9%. Yashili's range of products includes infant formula, which is sold domestically and exported to China, and the deal is expected to increase DAPH's presence in the market. Yashili opened an infant formula factory in Pokeno in 2015 that produces 50,000 metric tonnes annually.