CASE STUDY: Danone’s intercompany Rmb loan
Yannick Gehin, Danone's Asia-Pacific treasurer, tells CT why and how the food conglomerate completed a renminbi intercompany loan last month
French dairy producer Danone transacted a renminbi intercompany loan from its Shanghai office to Paris with the help of Citibank China on January 24. It was part of a People's Bank of China pilot to free up the movement of renminbi in and out of the country.
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