Get the app today! Download iPhone App Download Android App

Danone Gains as China Outlook Boosted by End to One-Child Policy

Published on Oct 29 2015 11:14 AM in A-Brands tagged: Nestlé / Danone

Danone Gains as China Outlook Boosted by End to One-Child Policy

Danone rose as much as three per cent in Paris and Nestle also gained after China said it will lift its one-child policy, boosting the outlook for sales of infant nutrition.

Danone gained as much as €1.92 to €65.16 euros in Paris, while Nestle added as much as 0.7 per cent to 76.25 Swiss francs in Zurich.

Danone, Nestle and US-based Mead Johnson Nutrition are among the biggest players in China’s $19 billion baby-formula market, which represents about a third of the industry globally.

A committee of China’s ruling Communist Party approved plans to allow all couples in China to have two children, the official Xinhua News Agency said Thursday at the end of a four-day party gathering in Beijing.

News by Bloomberg, edited by ESM. To subscribe to ESM: The European Supermarket Magazine, click here.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email