Danone's Faber: Rights Issue Is Just "Good Housekeeping"
May 29 2009 - 2:35AM
Dow Jones News
French dairy and water company Danone SA (BN.FR) Co-Chief
Executive Emmanuel Faber reiterated Friday that the company's EUR3
billion rights issue is simply a measure of "good
housekeeping."
Speaking in a conference call after the launch of the capital
increase, Faber said the company is aiming for a competitive
financial structure, adding that there is no big plan to transform
the group, such as a major acquisition.
He said he is very confident of the success of the rights
issue.
Company Web site: www.danone.com
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740;
geraldine.amiel@dowjones.com;