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NSTA Nestle (Reg)

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Share Name Share Symbol Market Type Share ISIN Share Description
Nestle (Reg) LSE:NSTA London Ordinary Share CH0002137682 CHF10(REGD)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acquisition

17/12/2003 7:58am

UK Regulatory


RNS Number:3526T
Danone
17 December 2003

-----------   PRESS RELEASE   ----------




                       Paris, December 17th 2003


            Groupe DANONE acquires Nestle's dairy business in Turkey


Groupe DANONE is acquiring Nestle's dairy business in Turkey, in a move that
will double its sales revenues in this country and strengthen its leading
position in fresh dairy products. The deal also includes the UHT milk business
of Nestle.


Danone in Turkey will own the local Mis trademark; Nestle branded products will
be gradually integrated in Danone's brand portfolio including Danone, Tikvesli
and Birtat.


The transaction is subject to the approval of the Turkish antitrust authorities.


Parallel to this, Groupe DANONE takes control of its Turkish operations through
the acquisition of the 50% shareholding held up to now by the Turkish group
Sabanci.


Groupe DANONE and Sabanci had been partners in this joint venture since 1997,
developing leading positions in the fresh dairy products and water markets
(bottles under Hayat and Akmina brands and jugs under Flora brand).



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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