Activists sour on Oatly vegan milk after stake sold to Trump-linked Blackstone

The private equity firm that now has a stake in Oatly has been accused of contributing to deforestation in the Amazon

Vegan milk brand Oatly is facing protests by climate and political activists who say the decision to sell a stake in the company to a consortium that includes Blackstone, a powerful private equity firm headed by Trump donor Stephen Schwartzman, has left a sour taste.

The $200m deal for the Swedish oat milk brand, favored by many vegans and non-dairy drinkers and considered one of the most sustainable non-dairy milk brands, was agreed in July.