But we believe this would be unlikely to happen in the near future as Danone recently raised its stake to 20% from 11.5% during the non-tradable share reform.

• 但根据达能集团在最近股改把非流动股从11.；5%25提升到20%25后，我们相信达能集团在近期是大量收购不大可能发生的。