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Monday, March 7, 2011

PAI hopes to select Yoplait buyer by end-March

Private equity group PAI Partners said it was continuing talks with a significant number of candidates for its 50 percent stake in French yoghurt maker Yoplait, including Chinese group Bright Food. PAI hopes to select a buyer by the end of the month, a PAI spokesman told Reuters on Monday. "Bright Food remains a serious candidate to the purchase of PAI's stake but there is a significant number of other candidates with which talks are continuing," he said.

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