Danone is to sell its indirect stake in Britannia Industries to Leila Lands, the Indian biscuit maker announced today (6 April).


In a filing to the Bombay Stock Exchange, Britannia said Danone had agreed to offload its 25.48% stake in the business to Leila Lands.


The proposed deal is slated to go through on 14 April. A final purchase price has yet to be disclosed.


Should the deal go through, it will bring an end to one of Danone’s more acrimonious overseas ventures.


Danone and Indian conglomerate the Wadia Group own equal shares in Associated Biscuits International Holdings, which owns 51% in Britannia.

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The relationship between Danone and the Wadias has been strained since the Indian firm started legal action claiming the French food giant illegally used the intellectual property rights of Britannia’s Tiger brand.


Officials at Danone could not be reached for immediate comment.