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Danone plan rejected

This article was originally published in Foodnews

HANGZHOU Wahaha Group Co Chairman and founder, Zong Qinghou, is reportedly dissatisfied with Groupe Danone's proposed merger plans, according to Dow Jones. "To co-operate, both parties need to be willing; you can't just dictate how much you want to take and the price and have the other party agree, " Zong was quoted as saying. Danone had suggested a solution to resolve the long-running dispute (FOODNEWS passim) by merging the two companies' joint venture with rival companies operated by Zong that also uses the Wahaha brand name (FOODNEWS 7 March) .



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