Chinese company Bright Food has presented the highest bid for a 50 percent stake in Yoplait, valuing the French yogurt company around 1.7 billion euros (US$2.3 billion), French newspaper Le Figaro reported. In an advance edition of its Wednesday paper, Le Figaro cited unnamed sources saying that the Shanghai conglomerate had submitted the strongest of nine bids. Unlisted Yoplait, the world's second-biggest yogurt company after Danone (DANO.PA), is half owned by PAI Partners and farming cooperative Sodiaal. PAI hired banks in September to find buyers for its stake. [ID:nLDE7150H5]
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