French dairy co-op Sodiaal has dismissed reports that it is ready to relinquish part of its 50% stake in yoghurt maker Yoplait.
“We want to remain a Yoplait shareholder in order to participate in the international development of the chilled dairy market,” a spokesman told just-food today (28 July).
Go deeper with GlobalData
The spokesman added that it “had no intention of selling any part of its stake” in Yoplait, which is jointly owned by Sodiaal and private-equity group PAI Partners.
The ownership of Yoplait has been the subject of rumours of late. Last week, it emerged that banks had approached PAI Partners with propositions from potential buyers to acquire its 50% stake.
PAI Partners has informed Yoplait’s works council that it was mulling a possible sale of the stake but a firm decision on its intentions has yet to be taken.
Sodiaal, meanwhile, is still short of closing its takeover of fellow dairy co-op Entremont Alliance, despite having announced a draft deal last month.
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 GlobalDataIt said negotiations with Entremont Alliance’s banks over the restructuring of the company’s debts “are being actively pursued but have not reached a conclusion”.
