Groupe DANONE has entered into an agreement whereby it has undertaken to tender all of its shares held in the capital of China Huiyuan Juice Group Limited, which is listed on the Hong Kong Stock Exchange, to the pre-conditional takeover bid to be launched by The Coca-Cola Company through its wholly-owned subsidiary, Atlantic Industries.
The price per share offered by The Coca-Cola Company in connection with the takeover bid is HK$12.20.
In July 2006, Groupe DANONE had acquired a minority stake in China Huiyuan Juice Group Limited. Today this participation amounts to 22.98% of the total company’s equity. China Huiyuan Juice Group Limited is one of the leading companies in the Chinese juice beverages market. The company generated total sales of approximately RMB 2.7 bn (approximately € 270 mln) in 2007.
The transaction is subject to various authorizations and steps required for the completion of the takeover bid, including in particular the approval of the Chinese antitrust authorities.
Groupe DANONE is a Fortune 500 company and one of the most successful healthy food companies in the world. Its mission is to bring health through tasty, nutritious and affordable food and beverage products to as many people as possible. Fulfilling this mission is a major contributor to the Groupe’s continuous fast growth. Groupe DANONE with 150 plants and around 76 000 employees has a presence in all five continents and over 120 countries. In 2007, Groupe DANONE recorded 12.7 billion euros sales. Groupe DANONE enjoys leading positions on healthy food on four businesses: fresh dairy products (n°1 wor ldwide), waters (n° 2 on the packaged water market), baby nu trition (n°2 worldwide) and medical nutrition. Listed on Euronext Paris, Groupe DANONE is also ranked among the main index of social responsibility: Dow Jones
Sustainability Index Stoxx and World, ASPI Eurozone and Ethibel Sustainability index.