French food company Danone has said that it has increased its stake in Japanese dairy company Yakult Honsha to 19% from 5%.
Danone declined to give financial details of the deal but said that the Japanese company had revenue of ¥230bn (US$1.9bn) in fiscal 2002.
Danone acquired in 2000 a 5% stake in Yakult Honsha, a company that has a 10% share of the Japanese non-alcoholic drinks market thanks to its flagship Yakult product, reported Dow Jones News.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
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
