FRANCE: Cheese maker Bel "mulls bid" for PAI's Yoplait stake
Groupe Bel is the latest company to be linked to Yoplait
Bel's rumoured interest, reported by the French newspaper Le Figaro today (19 January), is the latest twist in the battle to buy PAI's 50% stake in the business, which was put up for sale last year.
Le Figaro said Bel had obtained documents on the sale process, which kicked off in December, and is holding talks with FSI, the state-backed investment fund, over a joint investment. FSI was reported last month to be considering whether to buy a minority stake in Yoplait, which is jointly owned by PAI and Sodiaal, the French dairy co-op that wants to retain his shares.
Bel could not be reached for comment as just-food went to press but the company is the latest company to be linked to Yoplait.
In November, Lactalis had a bid for the whole of Yoplait turned down by PAI and Sodiaal. The shareholders said Lactalis's offer had failed on two fronts: one, that it under-valued Yoplait and, two, that Sodiaal wanted to keep its shares in the yoghurt maker.
Chinese food group Bright Food is reportedly in talks to buy Australian branded food manufacturer and importer Manassen Foods. ...
Dairy Crest, the UK's largest dairy products maker, has reportedly indicated that it wants to re-enter the country's yoghurt sector....
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