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China: Danone beefs up Specialized Nutrition business in China

from Reuters

China: Danone beefs up Specialized Nutrition business in China Reuters French food group Danone said recently it would spend 100 million euros ($114.08 million) to strengthen its Specialized Nutrition business in China, as it bets on the Chinese market as a source of growth. The investment entails opening a research center focused on breast milk and gut health in Shanghai and the acquisition of local infant milk formula company Murray Goulbum Dairy Co Ltd from Saputo Dairy Australia, the statement said. READ MORE

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