Danone To Sell Stonyfield To Lactalis For $875 Mln
04-Jul-2017
- France
This divestiture is part of the agreement reached on March 31st, 2017 with the U.S. Department of Justice in connection with Danone's recently closed acquisition of WhiteWave. Stonyfield generated approximately $370 million in turnover in 2016.
Danone expects closing of the divestiture in the third quarter of this year and is subject to customary conditions, including final approval by the DOJ. (dpa)
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