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Danone to acquire Numico
08 August 2007 ---
On July 9, 2007, the Supervisory Board and the Executive Board of Royal Numico NV (Numico) unanimously agreed to recommend the Groupe Danone SAs (Danone) offer on Numicos shares. Danone intends to make a cash offer of 55 per Numico ordinary share. Numico is a global player in baby food and clinical nutrition businesses with strong leadership positions in Europe and Asia. With the disposal of their Biscuit Division to Kraft, the acquisition of Numico is providing Danone with remarkable rebalancing of its portfolio of activities, with higher growth and higher margins. BNP Paribas Corporate Finance acts as joint financial advisor to Danone together with Lazard.
| Official date : 08/08/2007 | |
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