French food giant Groupe Danone has entered into an agreement for the sale of its Galbani operations to private equity fund BC Partners for €1.015bn (US$878.5m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


With a turnover of €1.1bn, Galbani is the leader of the Italian cheese market and a major player in the cured meat market.


The transaction structure includes a vendor loan by Groupe Danone for €207m.


Taking into account the depreciation of Galbani’s goodwill accounted for in 2001, this move will not generate any capital loss in 2002. The transaction is however still subject to European antitrust authorities’ approval.


This further step in Groupe Danone’s refocus on its core businesses will enable the continued development of Galbani on its cheese and cured meat markets in Italy and abroad.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

This withdrawal will significantly improve the Group’s key financial indicators: organic growth in turnover, operating margins and return on invested capital. This transaction is EPS neutral.


 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now