We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

Danone Sheds Two-Thirds Of Stake In Japanese Dairy Products Company

March 28, 2018: 12:00 AM EST
Danone says it will use the proceeds – $1.66 billion – of the sale of two-thirds of its stake in Japanese probiotics dairy producer Yakult Honsha Co. to reduce debt and invest in organic growth. According to Bloomberg, the discounted stock sale took place after activist fund Corvex Management accumulated a stake in Danone, which is struggling to boost revenue. Danone remains Yakult’s biggest shareholder.
"Danone Sells Yakult Shares at Discount, Raising $1.66 Billion", Bloomberg, March 28, 2018, © Bloomberg
Domains
FOOD COMPANIES
Danone
Geographies
Worldwide
North America
EMEA
United States of America
Europe
France
Categories
Danone
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.