Bernard Hours, Danone’s co-chief operating officer, has confirmed that the French food group is still targeting growth of 6% to 8%.
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In an interview with Italian newspaper Corriere della Sera, Hours also said that Danone was not looking to make any further acquisitions in the short term.
On Friday (12 Oct), the European Commission announced it was postponing its decision on whether to approve Danone’s takeover of Dutch nutrition group Royal Numico.
A Commission spokesperson said it had decided to delay its decision in order to “market test” commitments given by the two companies.
Both groups are active in the production and sale of baby food and nutrition products and there could be anti-competitive aspects to the takeover. The commitments given by the two companies are aimed at easing those concerns and these are now being reviewed by the Commission’s competition directorate.
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