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Industry NewsDanone eyes 20 to 25 deals by 2020

Danone eyes 20 to 25 deals by 2020


Danone Manifesto Ventures, an investment fund set up by French food giant Danone to acquire startup companies, plans to have picked up some 20-25 such targets by 2020.

The fund is targeting sectors through the agri-food chain from organic farming to alternative protein sources, as well as innovative approaches to customer relationship development, according to a Reuters report.

The fund has already spent about half of its initial $150 M budget in a bid to adapt to changing consumer preferences, including healthier, environmentally friendly food options.

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