Fan Milk is a Ghana based manufacturer and retailer of ice cream and frozen dairy products,[1][2][3] In July 2019, Danone, previously a joint shareholder with The Abraaj Group, increased its stake to 100% and thus assumed complete ownership of the company.
[4] Fan Milk Limited is a Ghanaian dairy retailer based in Accra that's listed on the Ghana Stock Exchange and the GSE All-Share Index.
Since its inception in 1960 the company has commenced operations in Benin, Togo and Burkina Faso.
In 2013, The Abraaj Group and Danone became joint owners of Fan Milk, obtaining a 51% and 49% stake in the company, respectively.
On July 30, 2019, Danone acquired Abraaj's remaining 49% shares, increasing its stake to 100% and thus assuming complete ownership of the company.