US drinks company Pepsico has told the French regulator AMF that it is not preparing a takeover of food company Danone, French newspaper Les Echos said in its edition to be published on Monday, according to the Reuters news agency.
Go deeper with GlobalData
Les Echos said it had been told by AMF that PepsiCo had informed the market regulator that “it was not preparing any such operation at the moment.”
The paper said it had received the information on Sunday evening from AMF. It also said there could soon be a full inquiry into Danone’s recent share movements.
The possibility of Danone, the maker of yogurts, Evian mineral waters and Tiger and LU brand biscuits, being the subject of a takeover from a US firm has prompted politicians to issue a string of warnings against any such move.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
