OREANDA-NEWS. December 01, 2010. Unimilk and Danone have completed merging their dairy assets. According to OJSC Unimilk Company, Cypriot-based Unimilk Holdings Ltd., which had controlled 82.64% of the former’s shares, had fully quit its share capital and had sold its interest to Dairy JV (CIS) Holdings, also registered in Cyprus.

 Last week, Unimilk Holdings sold a 10% package in Unimilk to Stonbel Finance Ltd., lowering its stake from 92.64% to 82.64%. A Unimilk spokesperson told Interfax that, by way of these inter-related transactions, Danone and Unimilk had merged their dairy assets. The deal has virtually been closed.

The Unimilk-Danone joint-venture is to be managed by Dairy JV. The size of their interests in the joint company is to be based upon the previously reached accord.