Danone

BN

FR0000120644

Food Processing

Market Closed - Euronext Paris Other stock markets 11:35:03 2024-04-26 am EDT			5-day change	1st Jan Change
58.3 ^EUR	-1.69%		-1.92%	-0.65%

Apr. 25	Danone Approves Dividend for the Year 2023, Payable on May 7, 2024	CI
Apr. 22	DANONE : DZ Bank maintains a Buy rating	ZD

Danone Finalizes $1.98 Billion Sale of Stake in Chinese Dairy Company Mengniu

May 13, 2021 at 01:25 am EDT

By Giulia Petroni

Danone said Thursday that it has finalized the sale of its approximately 9.8% stake in Chinese dairy company China Mengniu Dairy Co. with gross proceeds amounting to 15.4 billion Hong Kong dollars ($1.98 billion).

The French food company said the majority of the proceeds will be returned to shareholders through a share buyback program whose details will be disclosed upon initiation.

The sale was launched on Wednesday via an accelerated bookbuilding process after Danone converted its indirect stake in Mengniu into a direct holding earlier this year.

The transaction settlement is set to take place on May 17.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

05-13-21 0124ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DOW JONES INDUSTRIAL	38,240 PTS	+0.40%	+1.23%	-
	CHINA MENGNIU DAIRY COMPANY LIMITED	16.12 HKD	+2.03%	+6.05%	7.94B

Latest news about Danone

Danone Approves Dividend for the Year 2023, Payable on May 7, 2024	Apr. 25	CI
DANONE : DZ Bank maintains a Buy rating	Apr. 22	ZD
DANONE : Barclays reiterates its Buy rating	Apr. 22	ZD
Danone: up after two positive analyses	Apr. 19	CF
DANONE : Gets a Neutral rating from Deutsche Bank	Apr. 19	ZD
Stifel Raises Danone PT, Keeps Buy Rating	Apr. 19	MT
DANONE : UBS confirms its buy recommendation on the stock	Apr. 19	CF
DANONE : Stifel adjusts its price target	Apr. 19	CF
DANONE : Gets a Neutral rating from Berenberg	Apr. 19	ZD
DANONE : Jefferies keeps its Buy rating	Apr. 18	ZD
Global markets live: DocMorris, Microsoft, Oracle, Micron, Netflix...	Apr. 18
CAC40: back above 8,000Pts with support from Wall Street	Apr. 18	CF
CAC40: the 8,000 mark is crossed again with WStreet support	Apr. 18	CF
DANONE : JP Morgan gives a Buy rating	Apr. 18	ZD
CAC40: clinging to 8,000, US figures still very robust	Apr. 18	CF
DANONE : Q1 FY24 – More and more pleasing	Apr. 18
France's Danone makes play for private label market share as price hikes ease	Apr. 18	RE
After two-year wait, Danone gears up for Olympics health-kick ahead of Paris Games	Apr. 18	RE
Danone sees China as key growth driver, CFO says	Apr. 18	RE
DANONE : Barclays reiterates its Buy rating	Apr. 18	ZD
News Highlights : Top Company News of the Day - Thursday at 7 AM ET	Apr. 18	DJ
Danone beats quarterly sales forecasts	Apr. 18	RE
DANONE : UBS maintains a Buy rating	Apr. 18	ZD
European Midday Briefing : Mood Improves Slightly, Netflix Kicks Off U.S. Tech Earnings	Apr. 18	DJ
CAC40: up slightly before numerous US indicators	Apr. 18	CF

Chart Danone

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Company Profile

Danone is one the world leading food-processing groups. Net sales break down by family of products as follows: - dairy products and plant products (51.9%; No. 1 worldwide): fresh fermented milk products, creams, products and drinks of plant origin (based in particular on soya, almond, hazelnut, rice, oats and coconut); - specialized nutrition products (30.8%): baby foods (No. 1 worldwide; foods for infants and young children in addition to breastfeeding) and medical nutrition products (No. 2 in Europe; foods for people suffering from certain pathologies or people weakened by age); - bottled water (17.3%; No. 2 worldwide): natural water, aromatized water or enriched in vitamins (brands Evian, Volvic, Badoit, Aqua, etc.). At the end of 2023, the group had more than 174 production sites throughout the world. Net sales are distributed geographically as follows: France (8.4%), Europe (25.5%), North America (25%), China/Japan/Australia/New Zealand (12.7%), Latin America (10.1%) and other (18.3%).

Sector

Food Processing

Calendar

2024-05-02 - Ex-dividend day for final dividend

Related indices

CAC 40 , EURO STOXX 50 , STOXX EUROPE 600 (EUR)

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Analysis / Opinion

DANONE : Q1 FY24 – More and more pleasing

April 18, 2024 at 09:24 am EDT

Danone : No inflexion yet

February 26, 2024 at 10:22 am EST

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Ratings for Danone

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

58.3 EUR

Average target price

63.22 EUR

Spread / Average Target

+8.44%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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Other Food Processing

Danone

Equities

BN

FR0000120644

Food Processing

Danone Finalizes $1.98 Billion Sale of Stake in Chinese Dairy Company Mengniu

Stocks mentioned in the article

EPS Revisions