Holding company Eurazeo said yesterday (4 April) that it has increased its stake in Danone from 3.68% to 5.10% of the capital and 8.59% of the voting rights with an investment of EUR375m (US$459.9m).


The company said that the investment is in line with Eurazeo’s strategic direction. Alongside its primary private equity activity, Eurazeo takes significant stakes in listed companies as a key minority shareholder when it believes such an investment will create significant value.


Funds for the transaction will be raised through loans, thus allowing Eurazeo to maintain its current investment capacity.


The company has been a shareholder in Danone for over 20 years.


 

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