SHANGHAI, March 17, 2011 /PRNewswire-Asia-FirstCall/ -- China-Biotics, Inc.

Danone Asia, a unit of Groupe Danone, has sold its stake in Bright Dairy and Food, revealed Chinaknowledge.com. With the completion of this sale, both companies end their 15-year partnership.

France-based dairy company Groupe Danone is reportedly planning to divest its 20% stake in Chinese dairy products firm Bright Dairy and Food Company, Reuters cited the Chinese company as revealing.

Profit of Bright Dairy company drops 47 percent BEIJING, Nov.