Danone CEO says has no plan to sell any of its three businesses
PARIS (Reuters) -Danone's new chief executive Antoine de Saint-Affrique said on Tuesday the French food group has no plans to sell any of its three businesses, after its shares rose last week on a report of merger interest from dairy group Lactalis.
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PARIS (Reuters) - Danone , whose shares were lifted last week by a media report about merger interest from French dairy rival Lactalis, has no plans to sell any of its three businesses, its new chief executive Antoine de Saint-Affrique said on Tuesday.
“Our category portfolio is growing as it is in line with consumer’ expectations. We have no plan to part with them regardless of what rumors say”, Saint-Affrique told the annual shareholders meeting.
On April 20, a report in business daily La Lettre A said unlisted Lactalis has for months been studying a possible full or partial takeover of Danone.
Reporting by Dominique Vidalon , editing by Tassilo Hummel
