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€1.4 Billion Bid For Yoplait Rejected

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€1.4 Billion Bid For Yoplait Rejected

November 22
12:53 2010

Private equity firm PAI Partners and French dairy co-operative Sodiaal have rejected a Eur1.4b bid to buy Yoplait from Lactalis. The international yoghurt producer has been up for sale since earlier this year when PAI Partners decided to dispose of its 50% stake.

If successful, the bid by Lactalis would have kept the Yoplait brand under French ownership. Nestle, Arla Foods, General Mills and a number of private equity companies remain potential suitors for Yoplait.

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