“We are confident that Wahaha will continue to be highly successful under its future management.”
Danone remains committed to China, Riboud said, adding the company was “keen to accelerate the success of our Chinese activities”.
The dispute had sparked a series of retaliatory moves in China and abroad, including in the United States and Sweden.
A Chinese court ruled last year that Wahaha owned the trademark, which was valued by the state-controlled China Daily newspaper at 2.4 billion dollars.
“China is an open country. Chinese people are broad-minded people. Chinese companies are willing to cooperate and grow with the world’s leading peers on the basis of equality and reciprocal benefit,” Zong said in the statement.