Fan Milk facts for kids
 |
|
| Public | |
| Traded as | GSE: FML |
| Genre | Ice Cream |
| Founded | 1960 |
| Headquarters | |
|
Key people
|
Danish investors |
| Products | Milk, Ice Cream, Yoghurt and Ice lollies |
| Total assets | 3250 + shareholders (2003) |
| Parent | Danone |
Fan Milk is a company from Ghana that makes and sells yummy ice cream and other frozen dairy treats. In July 2019, a big company called Danone took full ownership of Fan Milk. Before that, Danone shared ownership with another group called The Abraaj Group.
The Story of Fan Milk
Fan Milk Limited is a company based in Accra, Ghana. It sells dairy products and is listed on the Ghana Stock Exchange. This means you can buy shares of the company, just like buying a small piece of it.
The company started in 1960. At first, it was called the Ghanaian Milk Company. It got money from investors in Denmark and focused on making pasteurized milk. This is milk that has been heated to kill germs, making it safe to drink.
In 1962, the company changed its name to Fan Milk Limited. It then started making other cool products like ice cream, yoghurt, and ice lollies.
Becoming a Public Company
Fan Milk Limited was the first company in Ghana that had foreign investors to become a Public Limited Liability company. This happened in 1967. It was also one of the first companies to be listed on the Ghana Stock Exchange on October 18, 1991. Its special symbol on the stock exchange is FML. By 2003, more than 3,250 people owned shares in Fan Milk.
Who Owns Fan Milk?
In December 2003, the main owners of Fan Milk were:
- Fan Milk International Denmark, which owned about 37% of the company.
- The Danish Industrialization Fund For Developing Countries, which owned about 25%.
- Enterprise Insurance, which owned 10%.
In 2013, two new groups became joint owners of Fan Milk: The Abraaj Group and Danone. The Abraaj Group owned 51% and Danone owned 49%.
Danone slowly became the main owner in 2016. Then, on July 30, 2019, Danone bought all the remaining shares from The Abraaj Group. This meant Danone owned 100% of Fan Milk and became its complete owner.
Fan Milk Products
Fan Milk makes many different frozen treats and dairy products. Here are some of their popular items:
- Fanice (a 150mL pouch)
- FanGold
- FanYogo (comes in strawberry, mango, and passion fruit flavors)
- FanChoco
- FanDango
- FanVanille (sold in Togo and Benin)
- Fanmaxx (sold in Ghana)
- FanYogo (also in strawberry and banana flavors)
