“联姻”八年后要分手？达能将清仓蒙牛(2319.HK)
格隆汇5月12日丨据彭博最新消息，达能将出售蒙牛9.8%的股份，售价为每股38.95至39.8港元，价值19.9亿美元。
蒙牛日K线图
蒙牛(2319.HK)今日收报41.9港元，最新市值1654亿港元。该股自2013年约11港元上涨至今，累涨约280%。
达能“减持” 蒙牛早已提示
其实对于达能的“减持”蒙牛早在3月份便已做了提示。
2013年5月，蒙牛宣布中粮集团和法国达能签署协议，达能通过与中粮的合资公司持有蒙牛乳业4%的股份，成为蒙牛的战略股东，同时引进达能的酸奶技术和品牌管理经验。2014年2月，蒙牛宣布向达能定向增发约6.6%的股份，达能持有的蒙牛股本由之前的4.0%增至9.9%，成为其第二大股东。
蒙牛曾在今年3月1日发公告称，作为达能正在进行的投资组合审阅的一部分，达能通过中粮乳业投资间接持有的蒙牛权益将转换为直接股权持有。一旦获得监管批准，达能预期直接持有蒙牛9.82%的股权；中粮乳业投资的持股比例将从31.25%降为21.43%，仍为最大单一股东。蒙牛还称，达能下一步正考虑减持蒙牛的股份。
蒙牛相关负责人月份曾3表示，“对于达能的相关股权安排表示理解。蒙牛在现有战略股东架构下，业务发展和既定战略均不受影响。中粮集团仍将是蒙牛第一大股东，并坚定支持蒙牛管理层和团队。未来，蒙牛将更加高效地执行未来五年发展战略，实现2025年‘再造一个新蒙牛’的目标” 。
合作八年后为何要分手？
2013年，达能牵手蒙牛一度引发舆论热议，这次联姻以酸奶业务为主。据悉，此次牵手达能后，蒙牛业务发展较快。数据显示，蒙牛营收从2013年的433.6亿元发展到2019年的790.3亿元，净利润也从2013年的16.3亿元发展到2019年的41.1亿元。不过，2020年受新冠肺炎疫情影响，蒙牛的营收和净利润均出现下滑。
对于为何要出售蒙牛，达能董事长兼CEO曾在3月份表示，达能将剥离那些无助于盈利增长的资产。外媒倾向于认为达能出售蒙牛旨在为股票回购提供资金，在受到来自股东的压力下，达能正试图提高股东回报。
蒙牛是达能在中国市场的最大一笔投资。对于此次的“清仓”，有分析人士称，近几年蒙牛的投资收益率相比较前几年有所收缩，所以达能对蒙牛的投资计划可能会有所收缩，收缩以后可能会在中国市场重新做一些定位和投资。因为整个中国的很多产业里，同质化竞争很严重，或许其他投资领域，投资红利还是很大。
总之，不管是对达能还是蒙牛，终究是乳企的日子已经大不如从前了。
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