Danone has confirmed it will not make a hostile move to up its stake in Japanese probiotic drinks group Yakult Honsha.
The Activia maker told just-food it had no plans to move to try to increase its 20% shareholding.
Go deeper with GlobalData
“The only comment I can make is that Danone does not plan to launch a hostile takeover to raise its stake in Yakult Honsha,” a spokesperson said.
There was speculation last year that Danone wanted to increase its stake in Yakult. In May, Reuters reported a Yakult executive as saying the company did not want Danone to up its stake.
However, last week, a Yakult spokesperson, speaking to Bloomberg, said talks were continuing between the companies.
See Also:
The Danone spokesperson refused to be drawn further on the situation.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
