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Danone to sell stake in Yakult

By Jim Cornall contact

- Last updated on GMT

Danone began its collaboration with Yakult in 2004.
Danone began its collaboration with Yakult in 2004.

Related tags: Danone, 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.

Related topics: Business, Dairy, Mergers and acquisitions

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