Groupe Danone has successfully completed the sale of its drinks subsidiary Frucor, based in New Zealand and Australia, to Japanese-based Suntory. The deal had been struck in October for an amount of over €600 million in cash (around A$1.2b) after a bidding battle began in September, with Coca-Cola Amatil and Fraser & Naeve reportedly among the unsuccessful bidders.”This divestment stems from Danone’s recent refocus on natural mineral water and spring water based beverages and will... ...Read more »