Danone Completes Sale of Yakult Stake
October 09
10:00
2020
Danone has finalised the sale of its 6.61% stake in Yakult Honsha Co, a global leader in probiotics, headquartered and listed in Japan. The transaction has resulted in a total gross consideration of JPY58 billion, representing about €470 million, that will further strengthen Danone’s balance sheet.
Danone’s collaboration with Yakult began in 2004. In 2018 Danone divested most of its 21.29% stake in the company.
Following the transaction, the companies have reconfirmed their commitment to the long-term strategic collaboration to promote probiotics. Existing commercial partnerships, including joint-ventures in India and Vietnam remain in place.
