French food group Danone has said it has no intention of launching a takeover bid for Japanese dairy firm Yakult Honsha, in which it holds a 19% stake.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“We developed ties with this company three years ago. We have no intention of launching a takeover bid,” Danone finance director Emmanuel Faber was quoted by Reuters as saying
“With almost 20% of the capital, we have a solid cooperation base but we haven’t agreed on a concrete partnership for the future. There’s no urgency. We’ll see,” he added.
Faber later told Reuters that Danone’s intentions towards Yakult were friendly and stressed that its stake in the Japanese company was an entry point that was neither “a floor nor a threshold”.
Danone took an initial stake of 5% in Yakult in April 2002 and increased this to 19% in April this year.
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
