The world’s largest manufacturer of yoghurts Danone acquired WhiteWave Foods, which produces natural products, the report said Danone (.pdf).
The amount of the transaction was $12.5 billion, the Executive Director of Danone Emmanuel Faber said that this is the largest acquisition Danone over the last ten years, writes the Financial Times.
Investors reacted positively to the statement Danone. The company’s shares rose nearly 5.8%.
WhiteWave Foods was founded in 1977. The company is engaged in the production and distribution of organic food and beverages.
In the first quarter of 2016, the company generated sales fell 3%. Thus, excluding currency fluctuations, acquisitions of companies and disposal of assets increased by 3.5%, exceeding analysts ‘ expectations, according to the consensus forecast that growth in sales was to be 3.2 percent.