DANONE : Danone finalizes increase in its interest in Centrale Laitière (Morocco) to 67.0%
02/22/2013| 12:55pm US/Eastern
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--------- PRESS RELEASE ---------
Danone finalizes increase in its interest in
Centrale Laitière (Morocco) to 67.0%
Paris, February 22, 2013
Following its announcement on June 27, 2012, Danone today finalized its acquisition of exclusive control (67.0%) of Centrale Laitière by acquiring part of SNI's shareholding for a total ?543 million[1]. Since 2001, the Group had held 29.2% of this company's capital.
This transaction represents a key step in Danone's development in Morocco and confirms the strategic appeal of markets in North Africa for the Group.
Having raised its shareholding in Centrale Laitière above the 40% threshold, Danone is required to file a mandatory takeover bid for the company's shares within the next few days.
[1] or 6,050 million dirhams, equal to ?543 million at an exchange rate of 11.15 dirhams/1 euro.
About Danone
Danone is one of the fastest-growing food companies in the world. Its mission is to bring health through food to as many people as possible.
The Group, whose products are sold on five continents, has more than 180 production plants and around 100,000 employees. In 2012, Danone generated sales of more than ?20 billion, of which more than half were in emerging markets. The Group holds top positions in healthy food through four businesses: Fresh Dairy Products, Baby Nutrition, Bottled Water and Medical Nutrition. Listed on Euronext Paris, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Index, ASPI Eurozone and the Ethibel Sustainability Index.
For more information, contact:
Press Relations: +33 1 44 35 20 75 - Investor Relations: +33 1 44 35 20 76
DANONE : 17, boulevard Haussmann, 75009 Paris
Danone finalizes increase in its interest in Centrale Laitière...:
http://hugin.info/143411/R/1680409/549116.pdf
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Source: DANONE via Thomson Reuters ONE
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