Groupe danone and without the support of internal company of wahaha, danone tried to reach the groupe danone and it’s partnership with wahaha. Paris, september 30th, 2009 danone and wahaha group reach an amicable settlement danone and wahaha group are pleased to announce that they have reached an amicable settlement today, subject. How danone’s china venture turned sour share on twitter (opens new window) share on facebook hangzhou wahaha group co ltd add to myft mergers & acquisitions. Danone is quitting its troubled joint venture with wahaha or 8 per cent, of group revenues franck riboud, danone chief executive said.
After reading china law blogs post on the danone and wahaha joint venture dispute, i just had to translate this 21st century business herald article which ran over the weekend. Danone agrees to sell 51% interest in the danone-wahaha joint ventures to its chinese partners.
The wahaha joint venture company is a food and beverage joint venture company established between the hangzhou wahaha group, the largest beverage producer in china, and danone, one of the. Danone and wahaha group have announced that they have reached an amicable settlement today, subject to the approval of.