4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 17. List of subsidiaries as of December 31, 2015
DANONE
REGISTRATION DOCUMENT 2015
139
Note 17.3. Main fully consolidated companies of the Waters Division
Group's control
Ownership
Main fully consolidated companies
(a)
Country
(in %)
(in %)
DANONE WATERS DEUTSCHLAND GMBH
Germany
100.0
100.0
AGUAS DANONE DE ARGENTINA SA
(b)
Argentina
100.0
100.0
DANONE WATERS BENELUX
Belgium
100.0
100.0
DANONE LTDA.
Brazil
100.0
100.0
DANONE (CHINA) FOOD & BEVERAGE CO. LTD.
(b)
China
92.0
92.0
DANONE (GUANGDONG) DRINKING WATER CO. LTD.
(b)
China
92.0
92.0
SHENZHEN DANONE YILI DRINKS CO. LTD.
(b)
China
100.0
100.0
AGUAS FONT VELLA Y LANJARON SA
Spain
94.4
91.6
DANONE WATERS OF AMERICA INC.
United States
100.0
100.0
ÉVIAN RESORT
(c)
France
100.0
100.0
SAEME SOCIÉTÉ ANONYME DES EAUX MINÉRALES D'ÉVIAN
France
100.0
100.0
PT TIRTA INVESTAMA
(b)
Indonesia
74.0
74.0
BONAFONT SA DE CV
Mexico
100.0
100.0
GRUPO CUZCO INTERNATIONAL S DE RL DE CV
(b)
Mexico
70.0
70.0
ZYWIEC ZDROJ SA
Poland
100.0
100.0
DANONE WATERS (UK & IRELAND) LTD.
United Kingdom
100.0
100.0
EVIAN-VOLVIC SUISSE SA
Switzerland
100.0
100.0
DANONE HAYAT IÇECEK VE GIDA SA
Turkey
100.0
100.0
SIRMAGRUP IÇECEK AS
Turkey
50.1
50.1
COMPANIA SALUS SA
Uruguay
94.1
94.1
(a) Corresponds to the 20 largest companies of the Division in terms of net sales (non-Group sales). They generated more than three-fourths of the Division's
sales in 2015.
(b) For this consolidated company, the business is spread over several legal entities in its country.
(c) Évian Resort operates the Évian casino. In that capacity, it is subject to the control of the FrenchMinistry of the Interior and all regulations applicable to games
of chance in casinos.




