Corporate and Investment Banking Staff Staff only Careers Careers Search Search
Home > News > Danone to acquire Numico

News
Font size   AAA     send this page   print
 

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 SA’s (“Danone”) offer on Numico’s 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


RSS Terms of Use FAQ Site Map About us