3 December 2001
GROUPE DANONE TO SELL CHINA BREWERIES
Groupe DANONE announced today that it has entered into an agreement to sell
its 60% interest in its breweries based in Wuhan, China, to CRE Beverage
Limited, a joint venture between China Resources Enterprise Limited and South
African Breweries Plc.
The Wuhan breweries accounted for approximately two thirds of Groupe DANONE'S
beer revenues in China last year.
The transaction is subject to various approvals, including regulatory
The proposed sale reflects Groupe DANONE'S continuing strategy to focus on
its three core businesses: Fresh Dairy Products, Water and Non-alcoholic
Beverages, and Biscuits.
In the Asia-Pacific region, Groupe DANONE is the market leader in Biscuits
and Water and is the largest beverage company in China.
For further Information:
Direction de la Communication : 33 1 44 35 20 70 / 33 1 44 35 20 75
GROUPE DANONE : 7, rue de Teheran, 75381 Paris Cedex 08 - Fax 33 1 45 63 88 22