PARIS (Reuters) -France's Danone said on Friday it would end its partnership with Chinese milk firm Mengniu by selling a 25% stake it holds in milk powder maker Yashili as well as a 20% joint venture participation. In return, Danone will acquire from Yashili 100% of the Dumex Baby Food infant milk unit. The different parts of the deal, which also includes a sale of a 20% stake in the Inner Mongolia Diary Joint Venture, will not need to close at the same time.
In 2020, Mengniu adhered to its vision of “Promising a Healthier World” and its mission of “Producing More Nutritious Products, Guiding Consumers Towards a Better Life, and Safeguarding a Sustainable Planet”, and reaffirms its commitment to sustainable development. Lu Minfang, Chief Executive Officer of Mengniu, commented, "Guided by a strong conviction that clear waters and green mountains are invaluable assets on our earth, we strongly believe that creating a path to sustainable development is
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has received a follow-on purchase order from New Flyer (www.newflyer.com), North America's heavy-duty transit bus leader and Ballard partner, for 20 fuel cell modules to power 20 New Flyer Xcelsior® model Fuel Cell Electric Buses, or FCEBs, planned for deployment with Alameda-Contra Costa Transit District (AC Transit) in Oakland, California. Ballard plans to deliver all the modules to New Flyer this year and deployment of t