Tuesday, 03 July 2007

Danone in talks with Kraft to sell biscuits unit

(Reuters) - Sales of the division were about 2 billion euros and the deal allows Danone "to strengthen its growth strategy and its leadership in the active health category" in yoghurts and beverages.




Kraft's offer includes "the intent not to announce" the closing of any of the Danone biscuit manufacturing facilities in France for at least three years after the transaction is signed.


Read more at Reuters.com Mergers News

No comments: