Banks have approached private equity group PAI Partners with propositions from potential buyers to acquire its 50% stake in Yoplait, the yoghurt and milk-based desserts maker.
PAI Partners acquired the stake from French dairy co-operative Sodiaal in 2002. Sodiaal continues to hold the other 50%.
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“It was recently the eighth anniversary of PAI as a Yoplait shareholder – an exceptionally long period for an investment fund to hold on to a stake – and this appeared to trigger a number of banks into action,” a spokesman for PAI told just-food today (21 July).
The spokesman said the banks had come to PAI Partners with potential buyers and a purchase price for the Yoplait stake.
“PAI’s response has been to listen to these offers and keep an open mind,” the spokesman explained. He made it clear that the group has not appointed a bank to instigate a sale process.
Meanwhile, a media report this week claimed that Sodiaal was ready to sell part of its stake in Yoplait in order to lighten an increased level of debt following its planned acquisition of dairy co-op Entremont Alliance, which is being finalised.
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By GlobalDataNo-one could be reached for comment at Sodiaal.
