Danone completes sale of Yakult stake
Danone has completed the sale of its 6.61% stake in Yakult Honsha Co. Ltd. for a total gross consideration of JPY58 billion (approximately €470 million). This strategic move is expected to enhance Danone's balance sheet significantly. The transaction settlement is set for October 9, 2020. This divestiture aligns with Danone's health-focused business strategy and commitment to sustainable growth across its diverse product portfolio, which includes essential dairy and plant-based products.
- Transaction generates JPY58 billion (~€470 million) for Danone, strengthening its balance sheet.
- None.
Press Release – Paris, October 6th, 2020
Danone completes sale of Yakult stake
Danone has finalized the sale of its
The transaction resulted in a total gross consideration of JPY58 billion, representing c.
The settlement of the transaction will take place on October 9.
About Danone (www.danone.com)
Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With its ‘One Planet. One Health’ frame of action, which considers the health of people and the planet as intimately interconnected, Danone aims to inspire healthier and more sustainable eating and drinking practices. To accelerate this food revolution and create superior, sustainable, profitable value for all its stakeholders, Danone has defined nine 2030 Goals, and paved the way as the first listed company to adopt the “Entreprise à Mission” status in France. With a purpose to bring health through food to as many people as possible, and corresponding social, societal and environmental objectives set out in its articles of association, Danone commits to operating in an efficient, responsible and inclusive manner, in line with the Sustainable Development Goals (SDGs) of the United Nations. By 2025, Danone aims to become one of the first multinational companies to obtain B Corp™ certification. With more than 100,000 employees, and products sold in over 120 markets, Danone generated
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FORWARD-LOOKING STATEMENTS
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Although Danone believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of these risks and uncertainties, please refer to the “Risk Factor” section of Danone’s Universal Registration Document (the current version of which is available on www.danone.com).
Subject to regulatory requirements, Danone does not undertake to publicly update or revise any of these forward-looking statements. This document does not constitute an offer to sell, or a solicitation of an offer to buy Danone securities.
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