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BN Danone

59.68
0.06 (0.10%)
Last Updated: 09:59:55
Delayed by 15 minutes
Share Name Share Symbol Market Type
Danone EU:BN Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.06 0.10% 59.68 59.64 59.68 59.84 59.50 59.54 61,780 09:59:55

Danone Advised to Sell Assets, Split Medical Nutrition and Early Life Nutrition Businesses -Le Figaro

17/02/2021 4:03pm

Dow Jones News


Danone (EU:BN)
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--Danone should separate its medical nutrition and early life nutrition businesses that are currently managed under the same division, Jan Bennink, an advisor to American investment company Artisan Partners, told Le Figaro in an interview.

--Mr. Bennink told the French newspaper that Artisan Partners has advised Danone to sell 30% of activities in its water, dairy, and plant-based products divisions, and focus on its most profitable brands. Danone's Asian water brand Mizone would be better managed by another owner and the group should sell its milk and butter activities, he said.

--Artisan Partners--which has a stake of more than 3% in Danone--called for corporate governance and strategy changes at the French food giant last week, saying that the company's performance has lagged on almost every measure.

 

Full story in French: https://bit.ly/37mXf5f

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

February 17, 2021 10:48 ET (15:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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