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Danone expands into Russia

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Danone expands into Russia

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France’s Danone and Russia’s Unimilk are to merge their fresh dairy products businesses in Russia, Ukraine, Kazakhstan and Belarus.

Danone is to be the majority partner in the joint venture which will have a fifth of the Russian market and will be the top dairy company in the Commonwealth of Independent States.

Danone said the region presents potential penetration and growth in volume and value.