The owners of Yoplait said Friday they were in exclusive negotiations with the French yogurt maker's longtime American partner, General Mills, to sell just over a 50 percent stake in the company for about 800 million euros.
Private equity fund PAI Partners is ready to sell its 50-percent stake in the world's number two dairy company Yoplait to General Mills for 1.6 billion euros ($2.2 billion), the daily Le Figaro reported Thursday on its website."In the end it is the American General Mills that will acquire Yoplait," the French daily wrote without citing its sources.Neither Yoplait, PAI, nor Sodiaal which owns the other 50 percent in Yoplait, was immediately available for comment.
Andy Mukherjee | Bloomberg This week's acrimonious separation between the chairman of Tata Group and its majority owners may now be heading for a divorce. Ratan Tata, who returned to head the conglomerate after ousting Cyrus Mistry, is looking for a partner to buy the ex-chairman's stake, Bloomberg News reported Thursday. Should Mistry agree to sell, how much can he hope to get for his family's 18.4% of Tata Sons Bear in mind that following his dismissal, Mistry raised some very serious allegations about both the holding company and several of its biggest publicly traded units.
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[AP] - General Mills says it has entered into exclusive negotiations to buy a majority stake in French yogurt company Yoplait. The binding offer with PAI Partner and Sodiaal, the owners of Yoplait S.A.S., would beat out rivals bidding for the company.