Groupe Danone has halved the nominal value of its shares, the French food giant has announced.
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The nominal value of Danone’s shares was reduced from EUR0.50 (US$0.67) to EUR0.25, the company said yesterday (31 May).
“This transaction will improve the access to Groupe Danone shares and increase their liquidity,” Danone said.
“Groupe Danone’s intention is to enable as many investors as possible to become shareholders of the Company, and to give them greater flexibility in managing their portfolios.”
As of today, the price of Danone’s shares on the French stock exchange was automatically halved, while the number of shares in the company was doubled.
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