General Mills: about to sell 51% in Yoplait SAS
(CercleFinance.com) - General Mills has announced a memorandum of understanding to sell its 51% stake in Yoplait SAS to Sodiaal, in return for full ownership of Yoplait Canada and a reduced royalty rate to use the Yoplait and Liberté brands in the US and Canada.
Yoplait SAS would then operate the yoghurt business in France, the UK and a number of other markets, and manage a network of 28 franchisees which manufacture and distribute Yoplait branded products in over 40 countries worldwide.
The proposed transaction is expected to be completed by the end of 2021, subject to appropriate working consultations, regulatory filings and other customary closing conditions.
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Yoplait SAS would then operate the yoghurt business in France, the UK and a number of other markets, and manage a network of 28 franchisees which manufacture and distribute Yoplait branded products in over 40 countries worldwide.
The proposed transaction is expected to be completed by the end of 2021, subject to appropriate working consultations, regulatory filings and other customary closing conditions.
Copyright (c) 2021 CercleFinance.com. All rights reserved.