Danone takes in almost half a billion euros with Yakult exit
Since 2004 Danone cooperated with Yakult
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)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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