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Danone to sell stake in Yakult
French-headquartered dairy giant Danone said today that in accordance with its focus on capital allocation discipline and balance sheet strength, the company is selling its 6.61% stake in the Japanese company Yakult Honsha Co. Ltd.
In spite of the sale, Danone said the companies have reconfirmed the commitment to their long-term strategic collaboration to promote probiotics. Existing commercial partnerships, including joint-ventures in India and Vietnam remain in place.
Danone’s collaboration with Yakult began in 2004.
In 2018, Danone divested most of its 21.29% stake in the company.
