Private-equity firm PAI Partners has reportedly received nine bids for its 50% stake in global yoghurt business Yoplait.
According to a report in French newspaper Le Journal du Dimanche yesterday (6 February), Nestle, General Mills and Lactalis are among the bidders for PAI’s stake.
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French cheese maker Groupe Bel, Mexican dairy processor Grupo Lala and China’s Bright Food are also each said to have submitted an offer.
Three private-equity firms – Lion Capital, Axa Private Equity and Bain Capital – make up the nine bidders, the newspaper claimed.
FSI, a strategic investment fund owned by the French government, is supporting Bel’s bid and could acquire a minority part of PAI’s shares, the report added.
Speculation has swirled around Yoplait since the summer. French dairy co-operative Sodiaal, which is the other 50% shareholder in Yoplait, wants to keep its shares in the business.
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By GlobalDataThe only potential suitor to have publicly declared its interest or to have already made a bid is Lactalis, which had a EUR1.4bn bid for the whole of Yoplait rejected by PAI and Sodiaal in November.
