Numico and Danone are to appeal the Dutch Authority for Financial Markets’ (AFM) decision to fine the companies for failing to provide financial information in a “timely manner”.

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Following Danone’s move to buy Numico last July, AFM found that the companies did not publish financial information quickly enough.


“We strongly challenge the AFM’s findings and are therefore appealing the decision,” a spokesperson for Danone told just-food. “We contend that financial information was published at the earliest possible opportunity.”


The fine for Numico totals EUR96,000 (US$136,172) while the fine for Danone is in the amount of EUR24,000.

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