Lactalis makes a move for Yoplait with a £1bn plus offer

first_img Wednesday 17 November 2010 8:05 pm Show Comments ▼ whatsapp Lactalis makes a move for Yoplait with a £1bn plus offer EUROPE’S largest dairy group Lactalis said it had offered to buy all of French yoghurt maker Yoplait with a view to creating a world dairy giant.Unlisted Lactalis did not put a price tag on its offer, but a source close to the deal said the offer valued Yoplait at around €1.3bn (£1.1bn), or over 10 times its operating profit.The Lactalis offer would however be below the €1.5bn pricetag some close to Yoplait have been looking for.“The Lactalis offer, the sole French offer, would give birth to a big French dairy sector champion worldwide and would keep the Yoplait brand within the national patrimony,” Lactalis said.Unlisted Yoplait has been in the spotlight since the summer when private equity fund PAI Partners said it wanted to sell its 50 per cent stake in the company.The sale process, which started this month, could also draw interest from food giants such as Nestle, General Mills, which distributes the Yoplait brand in the United states, Asian food groups and private equity groups.The sale process was officially launched a few days ago, according to sources.The second largest Yoplait stakeholder, France’s largest milk cooperative Sodiaal, reiterated yesterday it would not sell its 50 per cent stake. KCS-content center_img whatsapp Tags: NULL Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Storieslast_img

first_img Wednesday 17 November 2010 8:05 pm Show Comments ▼ whatsapp Lactalis makes a move for Yoplait with a £1bn plus offer EUROPE’S largest dairy group Lactalis said it had offered to buy all of French yoghurt maker Yoplait with a view to creating a world dairy giant.Unlisted Lactalis did not put a price tag on its offer, but a source close to the deal said the offer valued Yoplait at around €1.3bn (£1.1bn), or over 10 times its operating profit.The Lactalis offer would however be below the €1.5bn pricetag some close to Yoplait have been looking for.“The Lactalis offer, the sole French offer, would give birth to a big French dairy sector champion worldwide and would keep the Yoplait brand within the national patrimony,” Lactalis said.Unlisted Yoplait has been in the spotlight since the summer when private equity fund PAI Partners said it wanted to sell its 50 per cent stake in the company.The sale process, which started this month, could also draw interest from food giants such as Nestle, General Mills, which distributes the Yoplait brand in the United states, Asian food groups and private equity groups.The sale process was officially launched a few days ago, according to sources.The second largest Yoplait stakeholder, France’s largest milk cooperative Sodiaal, reiterated yesterday it would not sell its 50 per cent stake. KCS-content center_img whatsapp Tags: NULL Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Storieslast_img

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