Danone plans to sell portion of your participation in Yakult

Danone reported on Wednesday (14), which plans to sell a portion of your 21.3% stake in Yakult and who signed a memorandum of understanding with the company of probiotic drinks. According to the statement, the French multinational seeks to put into practice a strategy for capital allocation and approximately 7% still in Yakult. The divestment will occur through a share buyback program of 36 billion Japanese yen (US $ $334 million) that the Yakult released on Wednesday. Danone said that it is expected to remain as the largest shareholder of Yakult and keep your seat Board of Directors. The companies signed a memorandum of understanding "to confirm your commitment to a long-term strategic relationship and shared vision to promote probiotics as part of a balanced diet," said Danone. There is a formal collaboration between the companies since 2004 and Danone has revealed that it intends to continue to work in these projects.