Fan Milk Limited is a Ghanaian dairy retailer based in Accra.It has since begun operating in Benin, Togo and Burkina Faso.They are listed on the stock index of the Ghana Stock Exchange, the GSE All-Share Index.It was incorporated in 1960 and was previously known as the Ghanaian Milk Company.It took advantage of Danish investment in the early 1960s and initially specialised in pasteurized milk.

Fan Milk is West Africa's leading dairy company producing and marketing healthy Danone, partnered with Dubai private equity firm Abraaj Group to acquire

Group (Dubai) and acquired. 49% of Fan Milk International, which boasts a network of. 30 000 milk NEW YORK - Oct 24/13 - SNS -- Danone and The Abraaj Group have partnered to buy Fan Milk International, a manufacturer and distributor of frozen dairy Oct 28, 2013 French food products firm, Danone has partnered investment group Abraaj to buy 100% stake in Fan Milk, a leading manufacturer and Oct 27, 2020 In 1919, the Spanish Doctor Isaac Carasso founded the Danone "Danone to join Abraaj Group in Fan Milk International acquisition", "Danone To read this article, you must be a paid subscription member. (Current members login here) [] Nov 7, 2013 Two new foreign investors-Danone and The Abraaj Group have acquired 100 per cent equity stake in Fan Milk International, the parent Mar 17, 2014 Fan Milk Ltd, the dairy producer owned by private-equity firm Abraaj Group and Danone SA, said it will cut investment in Ghana because of Fan Milk is a manufacturer and retailer of ice-cream and frozen dairy products. Fan Milk was bought out by Abraaj Group on Jun 19, 2013 .

June 4, 2017 Deals, Private Equity 1. To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today. 2013-10-27 Danone and The Abraaj Group (“Abraaj”), a leading investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk … Danone is joining The Abraaj Group in the acquisition of Fan Milk International, a leading dairy products player in West Africa.

Oct 24, 2013 Danone, the world's biggest yogurt maker, is joining Dubai-based private equity firm Abraaj Group in acquiring Ghana's Fan Milk International.

Photo source: SpyGhana.com Following the acquisition by Danone and Abraaj, Fan Milk Limited announced that it would reduce its investment in Ghana during 2014. The country’s managing director said that the board had made this decision owing to recent electricity shortages in the Danone initially held 49% of Fan Milk, with Abraaj owning 51%, but Danone now has a controlling stake in the business. The deals, announced alongside Danone's results for 2015, follow a move in December to buy another 5% of Moroccan subsidiary Centrale Danone, a … In October 2013, the French dairy company Danone announced that it had joined with the Abraaj Group to acquire Fan Milk International (FMI) (the two companies hold 49% and 51% shareholdings respectively). FMI is a dairy and fruit juice distribution company with a major distribution network across six West African countries (Ghana, Nigeria, Togo, Burkina Faso, Benin and Côte d’Ivoire).

Danone, together with the Abraaj Group has invested $25m in Fan Milk (Ghana), adding three new production lines to its factory in Accra. The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market.

* Zahi El Khatib resigns as non-executive director of Fan Milk Ghana. In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in FanMilk. In 2019, Danone secured Abraaj’s stake in FanMilk becoming the sole majority shareholder of FanMilk. Danone, together with The Abraaj Group, a leading investor in growth markets, has added three new production lines to its factory in Accra, Ghana. The total investment of USD $25 million will help Fan Milk Ltd, its local subsidiary, to sustain the growing demand for dairy products in the regional West African market. Danone, a world leading food company built on four business lines: Essential Dairy and Plant-based Products, Waters, Early Life Nutrition, and Advanced Medical Nutrition As at 2013 Abraj and Danone became joint owners of Fan Milk with each of them having 51% and 49% stake in Fan Milk respectively. Danone became a majority shareholder in 2016.

Under the deal Danone will in coming years gradually buy a controlling Avec Fan Milk, Danone veut donc s’engager dans la même voie.
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Pierre-André Térisse, executive vice-president access, Africa for Danone and non-executive chairman of Fan Milk, added: “This is the result of two years’ work, combining Abraaj’s intimate Danone et Abraaj ont conjointement investi dans Fan Milk en 2013. Danone est devenu actionnaire majoritaire de Fan Milk en 2016. Stéphane Couste, directeur général de Fan Milk Ghana, a déclaré : « Le nouveau yaourt FanMaxx est un produit de Fan Milk, une marque de référence au Ghana depuis 55 ans. FanMaxx offre une expérience de yaourt innovant, sain et nourrissant, particulièrement Danone is joining The Abraaj Group in the acquisition of Fan Milk International, a leading dairy products player in West Africa. Danone and The Abraaj Group (“Abraaj”), an investor operating in growth markets, has announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International (“Fan Milk”).

The investment will help Fan Milk’s local subsidiary to sustain the growing demand for dairy products in the regional West African market.
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French dairy group Danone SA and Dubai-based private equity group Abraaj Group on Thursday said they have jointly bought Fan Milk International A/S, a West African producer of frozen dairy

Fan Milk is ta manufacturer and distributor of Danone is already present in North and South Africa, and we will now be able to develop the dairy product market in West Africa”. The Abraaj Group had previously announced its agreement to acquire 100% of Fan Milk through one of its Funds in June 2013.

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5 days ago In June 2013, private equity firm The Abraaj Group of Dubai acquired Fan Milk International. FML • 1.09 ▫ 0.00.

In 2016, Danone (Global Dairy Manufacturer) partnered with Abraaj (a Private equity firm) to acquire majority stake in FanMilk. In 2019, Danone secured Abraaj’s stake in FanMilk becoming the sole majority shareholder of FanMilk. Danone, a world leading food company built on four business lines: Essential Dairy and Plant-based Products, Waters, Early Life Nutrition, and Advanced Medical Nutrition Danone and Abraaj jointly invested in Fan Milk in 2013. Danone became a majority shareholder in Fan Milk in 2016.

Fan Milk, founded and still owned by a Danish family, had sales of about $160m and earnings before interest, taxes, depreciation and amortisation of about $46m last year. It sells frozen dairy

With 2012 sales […] 2013-10-24 · The Abraaj Group will initially retain 51 percent of Fan Milk, whose 2012 sales rose 16 percent to around 120 million euros. Under the deal Danone will in coming years gradually buy a controlling Avec Fan Milk, Danone veut donc s’engager dans la même voie.

Fan Milk International (FMI), wholly owned by Abraaj and Danone, is the leading producer and distributor of frozen milk, dairy and juice products across seven West African countries. 2013-10-24 2013-10-24 Abraaj and Danone will now respectively acquire a 51% and 49% stake in Fan Milk International. Under the agreement, Danone will in the coming years gradually acquire a controlling stake in the business.