Brief: ‍Danone Completes Sale Of Part Of Its Stake In Yakult For 1.3 Bln Eur​

Yakult Honsha

27/03/2018 17:48

March 27 (Reuters) - Danone  DANO.PA :
    * ‍DANONE COMPLETES SALE OF PART OF ITS STAKE IN YAKULT FOR
EUR
1.3 BILLION​
    * ‍PROCEEDS FROM TRANSACTION WILL BE USED TO CONTINUE ON ITS
DELEVERAGING PATH AND TO INVEST IN ACCELERATING ORGANIC GROWTH
AND MAXIMIZING EFFICIENCIES TOWARDS 2020
    * ‍AS A RESULT OF TRANSACTION, DANONE'S STAKE IN YAKULT'S
OUTSTANDING SHARE CAPITAL IS REDUCED FROM 21.29% TO 6.61%​

Further company coverage:  DANO.PA 

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