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Mengniu sets up yogurt venture with Danone

Shares in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing to set up a yogurt joint venture.

21 May 2013 - 4:39AM

Shares in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing to set up a yogurt joint venture.

Mengniu sets up yogurt venture with Danone