Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, January 19, 2011

Cheese maker Bel mulls buying half of Yoplait -paper, (FROB), (DANO)

French cheese maker Bel (FROB.PA) is looking into buying private equity group PAI Partners' 50 percent stake in yoghurt-maker Yoplait, Le Figaro newspaper reported on Wednesday, without identifying its sources. Unlisted Yoplait, the world's second-biggest yoghurt-maker after Danone (DANO.PA), is half owned by PAI Partners and farming cooperative Sodiaal. "According to several sources, Bel obtained an information file on the framework of the sale process," Le Figaro wrote. Bel is holding talks with France's strategic investment fund (FSI) about a collaborative investment, it added.

Source