Danone to Sell Plant-Based Vega Brand
June 17 2021 - 12:44PM
Dow Jones News
By Giulia Petroni
Danone SA on Thursday said that it agreed to sell its
plant-based brand Vega to funds managed by U.S.-based private
equity investment firm WM Partners.
The French food company said the sale is part of its capital
allocation optimization and the strategic review of its portfolio
and assets announced last year.
The transaction closing is subject to customary conditions, it
said.
Financial details of the deal weren't disclosed.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
June 17, 2021 12:30 ET (16:30 GMT)
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