Danone is exploring a sale of California organic produce distributor Earthbound Farm LLC amid interest from potential private equity and corporate buyers, people familiar with the matter said.
Danone is working with financial advisers on the possible disposal, which could fetch about $500 million, said the people, who asked to not be identified because the matter isn’t public. No decision has been made and Danone could opt to keep Earthbound Farm, they said.
A representative for Danone declined to comment.
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