A Brookside milk processing plant. Danone has bought 40 per cent stake in the firm. PHOTO | FILE | NATION
French food processor Danone’s buyout of a minority stake in Brookside Dairy has lifted the lid on the private company’s financials, revealing the multi-billion shilling status of the group associated with President Uhuru Kenyatta’s family.
A joint statement released by the two companies announcing the buyout disclosed that Brookside made Sh15.4 billion (€130 million) sales last year, a figure that would rank it third among Nairobi Securities Exchange-listed manufacturers of fast-moving consumer goods. Danone on Friday announced it had bought a 40 per cent stake in Brookside Dairy.
