Groupe Danone chairman Franck Riboud has said the company’s best defence against a possible hostile bid is keeping shareholders happy with solid financial results.
 
According to Dow Jones he said at the company’s AGM in Paris that there were no plans to forge a defensive shareholder pact. “There are no new strategies to unveil,” Riboud purportedly said. “You are our core shareholders.” He added that the company is less concerned about a hostile takeover as its financial position has improved.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now