Danone to sell stake in Japan's Yakult for $1.8 billion
Yakult has also announced a JPY 36 billion share buyback program in which Danone will participate. Danone targets a shareholding of approximately 7% of Yakult’s total outstanding shares following the completion of the transaction, subject to market conditions.
With this, Danone is expected to remain Yakult’s largest shareholder and will continue to sit on Yakult board of directors.
Further announcements with reg Danone at completion of the transactions.
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