Danone SA said Tuesday that it launched the sale of its remaining 6.61% stake in probiotics supplier Yakult Honsha Co. Ltd. through an accelerated bookbuilding process, as it continues to focus on balance sheet strength and capital discipline.

The French food company said it would continue its long-term strategic collaboration with Yakult to promote probiotics and that existing partnerships, including joint ventures in India and Vietnam, will remain in place.

Back in 2018, Danone already divested most of its 21.29% stake in the company.

A further announcement in regards to the success of the operation and the proceeds received will be made in due time, the company said.

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Espera-se que a indústria de laticínios adote continuamente o desenvolvimento de novas forças produtivas de qualidade, como uma tentativa de alcançar uma transformação positiva sob circunstâncias no novo estágio de desenvolvimento, disse Li Pengcheng, presidente executivo da gigante chinesa de laticínios Mengniu Group.

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