Danone SA said Tuesday that it launched the sale of its remaining 6.61% stake in probiotics supplier Yakult Honsha Co. Ltd. through an accelerated bookbuilding process, as it continues to focus on balance sheet strength and capital discipline.
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The French food company said it would continue its long-term strategic collaboration with Yakult to promote probiotics and that existing partnerships, including joint ventures in India and Vietnam, will remain in place.

Back in 2018, Danone already divested most of its 21.29% stake in the company.

A further announcement in regards to the success of the operation and the proceeds received will be made in due time, the company said.

Global Dairy Trade Event #306 concluded with the aggregate down 2.9%. Cheddar cheese was down 0.1%. Whole Milk Powder was 4.9% lower. Skim Milk Powder fell 0.6%. Butter dropped 1.0%

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