Danone Sells Stake In Wimm-Bill-Dann For US$470mn

Danone will sell its 18.4% stake in the Russian dairy major Wimm-Bill-Dann (WBD) back to the company for US$470mn. The share repurchase has been on the cards since Danone announced it would merge its Commonwealth of Independent States (CIS) region business with Russia's second-largest dairy company by market share Unimilk. Having been cleared by Russian regulatory authorities, the Danone-Unimilk alliance is now awaiting clearance from the wider CIS region before the deal can officially close.

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