Wimm-Bill-Dann Buys Back 18.4% Stake From Danone For $470 Million
August 12 2010 - 1:27AM
Dow Jones News
French dairy and bottled water group Danone (BN.FR) said
Thursday that it has agreed to sell its 18.4% stake in OAO
Wimm-Bill-Dann (WBDF.RS) back to the Russian dairy and juice
producer for $470 million.
The transaction follows Danone's acquisition of a controlling
interest in a venture with Russia's Unimilk (KUNM.RS).
In an interview with Dow Jones Newswires in July, Wimm-Bill-Dann
Chief Executive Tony Maher said his company was available as one of
the potential buyers for Danone's stake and ready to face the
French company as a competitor.
-By William Horobin and William Mauldin, Dow Jones Newswires;
+33 1 4017 1740; william.horobin@dowjones.com
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