Danone, Wahaha reach a settlement in beverage dispute
Chinese beverage giant Wahaha Group announced that it had settled a legal dispute with Groupe Danone SA, with the French food and beverage group agreeing to sell its 51 percent stake in the Danone-Wahaha joint venture to its Chinese partners.
The two companies reached an "amicable settlement" with "the support of both the Chinese and French governments", Hangzhou-based Wahaha Group said in a statement.
Neither Danone nor Wahaha discussed a price tag for the sale.
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