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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Danone    BN   FR0000120644

DANONE (BN)
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Lactalis buys Nestle Malaysia's chilled dairy business in $40 million deal

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10/09/2018 | 10:29am CEST
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 -4.34% 62.22 Real-time Quote.-7.96%
NESTLE (MALAYSIA) BERHAD --End-of-day quote.
NESTLÉ -1.22% 79.06 Delayed Quote.-5.85%
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Close to the goal
Financials (€)
Sales 2018 24 769 M
EBIT 2018 3 668 M
Net income 2018 2 258 M
Debt 2018 13 191 M
Yield 2018 3,02%
P/E ratio 2018 17,93
P/E ratio 2019 16,51
EV / Sales 2018 2,31x
EV / Sales 2019 2,19x
Capitalization 44 047 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 77,3 €
Spread / Average Target 19%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
DANONE-7.96%50 887
NESTLÉ-5.85%242 691
THE KRAFT HEINZ COMPANY-29.95%66 132
MONDELEZ INTERNATIONAL-4.11%60 305
ARCHER-DANIELS-MIDLAND COMPANY21.83%27 332
GENERAL MILLS-27.31%25 698