France: Danone sells its stake in Yakult

The France headquartered private dairy Danone has finalized the sale of its 6.61 percent stake in Yakult Honsha Co. Ltd. Yakult is a global leader in probiotics, headquartered and listed in Japan. The transaction resulted in a total gross consideration of JPY58 billion, representing 470 million euro. Danone’s collaboration with Yakult began in 2004. In 2018 Danone divested most of its 21.29 percent stake in the company.

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