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Acquisition   The intended divestiture

Danone to sell stake in Japan's Yakult for $1.8 billion

DanoneDanone announced its intention to sell part of its 21.29% stake in Japan's Yakult. The intended divestiture will be carried out through a market transaction launched by Yakult and expected to settle in March.

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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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