Business News

DANONE Successfully Completes the Sale of Frucor to Suntory

Monday 02. February 2009 - Danone Asia Pte Ltd, a subsidiary of Groupe DANONE (Paris:BN), has successfully completed the sale of its drinks subsidiary Frucor, based in New Zealand and Australia, to Suntory Limited, for an amount of over 600 million in cash.

This divestment stems from Danone’s recent refocus on natural mineral water and spring water based beverages and will allow the company to focus on its core business growth opportunities.