FRANCE: Paper says PepsiCo not bidding for Danone
US drinks company Pepsico has told the French regulator AMF that it is not preparing a takeover of food company Danone, French newspaper Les Echos said in its edition to be published on Monday, according to the Reuters news agency.
Les Echos said it had been told by AMF that PepsiCo had informed the market regulator that "it was not preparing any such operation at the moment."
The paper said it had received the information on Sunday evening from AMF. It also said there could soon be a full inquiry into Danone's recent share movements.
The possibility of Danone, the maker of yogurts, Evian mineral waters and Tiger and LU brand biscuits, being the subject of a takeover from a US firm has prompted politicians to issue a string of warnings against any such move.
The French government is concerned by the possibility of a hostile takeover of dairy company Danone, and would defend French interests in that regard, said prime minister Dominique de Villepin, accord...
Dairy food group Danone has appointed group secretary general Philippe-Loïc Jacob and vice-president R&D Sven Thormahlen to the Groupe Danone executive committee, in a move designed to ensure that all...
French food group Danone said on Monday that it planned to sell its Amoy sauce business in Asia, an asset that wasn't part of the sale of its sauce business to H J Heinz, according to the Dow Jones ne...
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H J Heinz Company has announced the appointment of Jane S Miller as president of its UK and Ireland business unit....
PepsiCo has lost an attempt at the European Court of Justice (ECJ) to secure full pan-European Union (EU)-trademark rights to its brand 'Ruffles' which it wants for a wide range of food and drink prod...
France's Groupe Danone and Japan's Yakult Honsha have today (Tuesday) announced plans for a joint venture in India....
France's Groupe Danone has announced a new management structure for the Asia-Pacific region....
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