US-based PepsiCo has engaged investment banks Morgan Stanley and
UBS to advise on a possible takeover of Danone, the French bottled
water, yoghurt and biscuits group, according to a report today
inthe Financial Times.
Danone, France's leading food manufacturer, is to double its stake
in China's Bright Dairy and Food to just under 10 per cent, a move
expected to herald a ramping up of Danone's investments in one of
Danone, the French dairy conglomerate, announced today that net
profits had plummeted 62 per cent, following the costly €600
million write down of its water-cooler business last month, Tom
French dairy giant Danone is poised to benefit from bullish growth
in the Asia-Pacific region. Analysts say that a recent investor
trip by company executives to China confirms its intentions to
expand aggressively in the region, adding...
French food group Danone has reported steady if unspectacular
growth for the third quarter of the year, with poor weather in much
of northern Europe impacting sales compared to last year's
Dairy giant Danone posted a sharp increase in like-for-like
revenues for the first quarter of 2004, boosted in particular by
strong sales of 'healthy' dairy products such as its probiotic
range. Like all European dairy companies...
Rumours of a possible sale of the Danone's biscuit business
surfaced again this week after the company unveiled full year
figures pegged back by its weak performance. But the core dairy and
beverage businesses continued to go...
Polish milk processing company Mlekovita witnessed strong growth in
2003. This has secured the company third place in terms of market
position in the country. It is now Poland's third largest milk
producer and the growth has...
Danone has announced plans to increase the production capacity of
two of its Russia-based dairies. The move has been influenced by
the company's increased Russian profits caused by the growth of the
Russian sector which is expanding...
Danone, the French dairy product, bottled water and biscuits group,
may have said that it is not interested in acquiring any assets of
bankrupt Italian group Parmalat, but this does not mean that it is
not on the acquisition trail.