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Latest Key Developments (Source: Significant Developments)
Sappe's Board Approved Unit To Enter Partnership With Myen, Unit Of Danone
Wednesday, 30 Jan 2019 08:48am EST
Jan 30 (Reuters) – Sappe Pcl ::BOARD APPROVED UNIT TO ENTER PARTNERSHIP WITH MYEN, UNIT OF DANONE TO CO-INVEST IN JV CO WITH INVESTMENT OF ABOUT 300 MILLION BAHT.JV CO TO DEVELOP, MANUFACTURE, MARKET AND DISTRIBUTE HEALTHY HYDRATION BEVERAGES IN THAILAND.SAPPE HOLDING TO HOLD 25 PERCENT EQUITY STAKE IN JV CO, WHILE 75 PERCENT WILL BE HELD BY DANONE. Full Article
Danone expects to triple size of plant-based business by 2025
Monday, 22 Oct 2018 06:08am EDT
Oct 22 (Reuters) – Danone SA :Executive VP Essential Dairy & Plant-Based business Francisco Camacho tells Investor Seminar::HAS AMBITION TO TRIPLE ITS PLANT-BASED BUSINESS TO 5 BILLION EUROS BY 2025 VERSUS 1.7 BILLION EUROS IN 2018. Full Article
Danone Completes Sale Of Part Of Its Stake In Yakult For 1.3 Bln Eur
Tuesday, 27 Mar 2018 12:48pm EDT
March 27 (Reuters) – Danone ::DANONE COMPLETES SALE OF PART OF ITS STAKE IN YAKULT FOR EUR 1.3 BILLION.PROCEEDS FROM TRANSACTION WILL BE USED TO CONTINUE ON ITS DELEVERAGING PATH AND TO INVEST IN ACCELERATING ORGANIC GROWTH AND MAXIMIZING EFFICIENCIES TOWARDS 2020.AS A RESULT OF TRANSACTION, DANONE'S STAKE IN YAKULT'S OUTSTANDING SHARE CAPITAL IS REDUCED FROM 21.29% TO 6.61%. Full Article
Danone CEO says creating value out of WhiteWave is priority-CAGNY
Friday, 23 Feb 2018 07:47am EST
Feb 23 (Reuters) – Chairman and CEO Emmanuel Faber tells the Consumer Analyst Group of New York Conference (CAGNY)::* There could be bolt-on acquisitions anywhere in the group's portfolio but we have enough on our table for now with WhiteWave..* Creating value out of WhiteWave portfolio is priority..* Says DanoneWave, the combined business unit of WhiteWave and Danone, is on track to be certified as B-Corp (for-profit corporation that commits to positive social and environmental goals)..* Reiterates all 2018 and 2020 financial goals.* Danone bought U.S. organic food group WhiteWave last year. . Full Article
Fonterra Co-Operative Revises Earnings Forecast After Outcome Of Danone Arbitration
Thursday, 30 Nov 2017 07:55pm EST
Dec 1 (Reuters) – Fonterra Co-Operative Group Ltd ::ANNOUNCES OUTCOME OF DANONE ARBITRATION.DECISION HAS NO IMPACT ON FORECAST FARMGATE MILK PRICE.MADE A DECISION TO REVISE ITS FORECAST EARNINGS PER SHARE RANGE FOR 2017/18 FINANCIAL YEAR TO 35 TO 45 CENTS, DOWN FROM 45 TO 55 CENTS. Full Article
Fonterra Confirms Amount Of Award In Arbitration Proceedings
Thursday, 30 Nov 2017 06:19pm EST
Dec 1 (Reuters) – Fonterra Co-Operative Group Ltd ::FONTERRA CONFIRMS AMOUNT OF AWARD IN ARBITRATION PROCEEDINGS.FONTERRA IS AWARE THAT DANONE HAS INDICATED THAT IT HAS BEEN AWARDED DAMAGES IN AMOUNT OF NZ$183 MILLION IN ARBITRATION.FONTERRA CAN CONFIRM THAT THIS IS AMOUNT OF AWARD AND IS CURRENTLY CONSIDERING FULL FINANCIAL IMPLICATIONS OF AWARD. Full Article
Danone Says Co Awarded Damages Of €105 Mln To Be Paid Immediately By Fonterra
Thursday, 30 Nov 2017 05:48pm EST
Dec 1 (Reuters) – Danone SA ::AWARDED DAMAGES OF €105 MILLION TO BE PAID IMMEDIATELY BY FONTERRA FOR COSTS SUFFERED AS A RESULT OF FONTERRA FOOD SAFETY FAILURES OF 2013. . Full Article
Fonterra Requests Temporary Trading Halt
Thursday, 30 Nov 2017 02:32pm EST
Dec 1 (Reuters) – Fonterra Co-Operative Group Ltd ::FONTERRA REQUESTS TEMPORARY TRADING HALT.REQUEST HAS BEEN MADE TO GIVE FONTERRA TIME TO CONSIDER OUTCOME OF ITS ARBITRATION WITH DANONE .FONTERRA HAS BEEN ADVISED THAT IT WILL RECEIVE ARBITRATION TRIBUNAL'S DECISION TODAY.ARBITRATION WITH DANONE REGARDING FONTERRA'S 2013 WHEY PROTEIN CONCENTRATE PRECAUTIONARY RECALL..FONTERRA HAS BEEN ADVISED THAT IT WILL RECEIVE ARBITRATION TRIBUNAL'S DECISION ON DEC 1.WILL NOT BE IN A POSITION TO IMMEDIATELY ASSESS ANY FINANCIAL IMPLICATIONS AND ADVISE MARKET ON TRIBUNAL'S DECISION.REMAINS IN A STRONG FINANCIAL POSITION AND ANY DAMAGES AWARD WILL NOT AFFECT OUR ABILITY TO OPERATE. Full Article
Danone gaining market share in Chinese infant formula market – CFO
Tuesday, 17 Oct 2017 04:01am EDT
Oct 17 (Reuters) – Danone Finance Head Cecile Cabanis tells analysts during a call::Danone expects to deliver synergies from WhiteWave acquisition faster than expected this year.Consumer demand remains subdued in Europe, Brexit also creates uncertainty.Danone has completed the registration of all its infant milk formula products in China.Danone expects Q4 to be a strong quarter for early life nutrition business.Danone expects water business to remain solid for the full year.Danone says expects essential dairy and plant based (EDP) business in Noram to return to positive territory in Q4.Danone says expects international EDP sales to improve in Q4 versus Q3 but to remain negative.SAYSsays early life nutrition market growing strongly in China and Danone is gaining market share.Danone says turning around Brazil dairy business will take time, no turnaround expected before the course of 2018. Full Article
French group Danone invests in start-up baby food firm Yooji
Thursday, 28 Sep 2017 02:00am EDT
Sept 28 (Reuters) – Danone Sa ::* Danone Manifesto Ventures announces it has become a shareholder of Yooji, the French start-up aiming to revolutionise baby food by providing frozen portion-sized organic products.* Danone says the investment is the fourth this year of its Danone Manifesto Ventures division.* Yooji products sold in more than 600 stores throughout France.* Yooji says its products are sourced from organic farms and cooked in France with 100 percent natural ingredients, without salt or additives. Full Article
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Danone SA News
BRIEF-Danone/Novartis-backed 'Health for Life Capital II' fund announces first close
* 'Health for Life Capital II', a world-leading microbiome-focused fund, announces its first close
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