March 27, 2018 / 4:51 PM / 3 months ago

BRIEF-‍Danone Completes Sale Of Part Of Its Stake In Yakult For 1.3 Bln Eur​

March 27 (Reuters) - Danone:

* ‍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:

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