French food company Danone, whose brands include activia and evian, has announced that it is to sell part of its 21pc stake in Yakult.
The stake, which Danone intends to reduce as part of Yakult’s share buyback of JPY 36bn (€271m), is worth €2.29bn at current market prices, according to Davy analysts.
The company anticipates holding a stake of around 7pc stake in the Japan-based Yakult post sell-down.
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