JAPAN: Danone tight-lipped over Yakult stake talks
Danone first took a stake in Yakult in 2000
The talks are understood to be based on a premise that Yakult will retain its independence, Reuters reported today (9 November).
In May, Yakult reportedly said it did not want top stakeholder Danone to lift its shareholding on concerns it might affect its independence. The French food giant was said to be in talks with Yakult to increase its stake from 20% to around 28%.
According to Reuters, Danone first took a stake in Yakult in 2000 and the two firms entered into a strategic agreement in 2004. Under the terms of that deal, Danone could not lift its stake to more than 20% for five years.
A spokesperson for Danone declined to comment on the reports and Yakult could not be reached for comment.
This report analyzes the worldwide markets for Functional Foods and Drinks in US$ Million by the following Product Segments: Cereals and Grains, Beverages, Dairy Products, Snacks, and Other Functional...
Danone and Japanese probiotic drinks group Yakult Honsha have ended a long-standing alliance and replaced it with a looser "cooperation framework"....
- On the move: What's in store from Tesco's new CEO?
- Focus: Lindt plays safe with Russell Stover buy
- On the money: Steady as she goes at Cloetta
- Comment: ConAgra failing to address core issues
- just the answer: Birds Eye UK Margaret Jobling
- Campbell issues warning on 2014/15 fiscal year
- Ferrero seals deal for hazelnut firm Oltan
- UPDATE: Premier establishes international unit
- Premier launches Oxo pots range in UK
- Genius secures listings in French supermarkets