Nestle interested in Yoplait stake: press

4th November 2010, Comments 0 comments

The world's biggest food group Nestle is interested in acquiring a stake in French dairy product maker Yoplait, of which half the capital is up for sale, the newspaper Le Figaro reported on Thursday.

Nestle "is preparing several options in order, if necessary, to make an offer to purchase half the capital," the paper said.

Nestle, through its French subsidiary, declined to comment.

Yoplait is 50-percent controlled by an agricultural cooperative, Sodiaal, with the remaining capital in the hands of investment group PAI, which wants to sell the stake.

A source close to the matter said on Thursday that the sales procedure would begin in mid-November and continue to March 2011.

Yoplait is present in 50 countries and employs 1,500 people, 1,300 of them in France, and has global sales of about 3.5 billion euros (4.9 billion dollars).

It is the world's second-biggest producer of dairy products after Danone.

© 2010 AFP

0 Comments To This Article