PARIS, March 31 French food group Danone
said on Friday it had decided to sell its U.S.
subsidiary Stonyfield to facilitate the rapid closing of its
acquisition of U.S. organic food producer WhiteWave foods Co
Danone said in a statement the decision to sell Stonyfield,
which had a 2016 turnover of around $370 million, stemmed from
an agreement in principle it had reached with the anti-trust
department of the U.S. Department of Justice.
The WhiteWave acquisition is expected to close "promptly"
Danone said, reiterating all its value-creating targets expected
from the WhiteWave acquisition.
(Reporting by Dominique Vidalon; Editing by GV De Clercq)