Hong Kong, Feb 5 - French food group Danone has agreed to pay as much as US$122.3 million to buy 159 million shares in China Huiyuan Juice Group Ltd., which is raising US$307 million in a Hong Kong IPO, according to a document.
Danone invested US$137.25 million in series A shares in Huiyuan, China's top juice maker, in June 2006. Including Danone's top-up investment in Huiyuan's Hong Kong share sale, Danone will hold 22.2 percent in China's top juice maker after the listing.