Danone has sold its stake in a Chinese juice maker for €200m ($260m), less than half the amount Coca-Cola was prepared to pay in a deal that collapsed last year.
The value of Danone's stake in Huiyuan Juice Group has fallen sharply since the Chinese government blocked Coca-Cola from taking over the country's largest privately owned juice producer.
The French group said yesterday it had agreed to sell its 23 per cent stake in Huiyuan to SAIF, a Hong Kong private equity group.
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