€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.
