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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Danone    BN   FR0000120644

DANONE

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Lactalis buys Nestle Malaysia's chilled dairy business in $40 million deal

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10/09/2018 | 04:29am EDT
FILE PHOTO: Logo of dairy group Lactalis

PARIS (Reuters) - Lactalis, the world's largest dairy firm, said it had agreed to buy the chilled dairy business of Nestle in Malaysia in a deal worth around $40 million (30.6 million pounds).

Nestle Malaysia said earlier that it expected the sale to Lactalis for 155.3 million Ringgit (28.3 million pounds)to result in a one-time gain of about 27 million Ringgit over 2018 and 2019.

Nestle's chilled dairy business in Malaysia generates revenues of 21 million euros (18.4 million pounds), said Lactalis, which is a privately-held French company.

The deal, which will take effect next January, follows the earlier acquisition by Lactalis of the Stonyfield organic yoghurt brand from Danone and the purchase of siggi's, a U.S.-based maker of Icelandic yoghurt.

Lactalis was at the centre of an earlier health crisis when a salmonella outbreak at a Lactalis milk factory last year led to dozens of babies falling ill.

(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)

Stocks mentioned in the article
ChangeLast1st jan.
DANONE -0.77% 74.7 Real-time Quote.22.39%
NESTLE (MALAYSIA) BERHAD End-of-day quote.
NESTLÉ -0.89% 100.1 Delayed Quote.26.57%
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Financials (€)
Sales 2019 25 361 M
EBIT 2019 3 850 M
Net income 2019 2 410 M
Debt 2019 12 138 M
Yield 2019 2,73%
P/E ratio 2019 20,00
P/E ratio 2020 17,93
EV / Sales 2019 2,52x
EV / Sales 2020 2,37x
Capitalization 51 648 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 77,2 €
Spread / Average Target 2,5%
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Managers
NameTitle
Emmanuel Faber Chairman & Chief Executive Officer
Cécile Cabanis CFO, Executive VP-Strategy & Information Systems
Benoît Potier Independent Director
Isabelle Seillier Non-Independent Director
Jean-Michel Sévérino Independent Director
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