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Danone Completes Sale of Yakult Stake

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Danone Completes Sale of Yakult Stake

Danone Completes Sale of Yakult Stake
October 09
10:00 2020
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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.

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