Danone takes in almost half a billion euros with Yakult exit

Since 2004 Danone cooperated with Yakult

07-Oct-2020 - France

The French food company Danone <FR0000120644> has cashed in its remaining shares in the Japanese milk drink producer Yakult. The gross proceeds from the sale of the 6.6-percent package are 470 million euros, the French announced in Paris on Tuesday evening. On. Tomorrow, Danone had already announced the sale and justified it with the aim of further strengthening the balance sheet.

L. Schmid

However, commercial partnerships and joint ventures with the Japanese, such as in India and Vietnam, are to continue, according to the statements. Danone has been cooperating with Yakult since 2004. In 2018, the French have already sold a large part of their previously more than 21 percent shareholding./he/fba (dpa)

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