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Name | Symbol | Market | Type |
---|---|---|---|
Danone (QX) | USOTC:DANOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.095 | 0.76% | 12.555 | 12.55 | 12.56 | 12.67 | 12.50 | 12.67 | 121,423 | 20:46:06 |
By Colin Kellaher
French food group Danone SA on Thursday said it plans to explore strategic options for its U.S. organic dairy operations, including a potential sale.
Danone said the business, which includes its Horizon Organic and Wallaby brands, accounted for roughly 3% of its global revenue last year.
Danone, which posted sales of 20.7 billion euros ($22.5 billion) for the first nine months of 2022, said the move is part of the portfolio review an asset-rotation program, dubbed "Renew Danone," that it launched in March.
Danone acquired Horizon and Wallaby when it paid more than $10 billion to buy Whitewave Foods in 2017.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 26, 2023 14:04 ET (19:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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