Welcome to our dedicated page for Danone news (Ticker: DANOY), a resource for investors and traders seeking the latest updates and insights on Danone stock.
Danone S/ADR reflects news from Danone, a global food and beverage company with categories in Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. Company updates cover parent-company reporting, category performance, geographic reporting across EMEA, the Americas and APAC, and brands such as Activia, Alpro, Aptamil, evian, Nutricia and Volvic.
Recurring news also includes shareholder meeting materials, resolution results, dividend approvals, voting-rights disclosures, board governance matters, bond issuance and other capital-structure updates. Danone also reports on its sustainability roadmap, including the Danone Impact Journey and climate-related strategy themes.
Danone has completed the sale of its 6.61% stake in Yakult Honsha Co. Ltd. for a total gross consideration of JPY58 billion (approximately €470 million). This strategic move is expected to enhance Danone's balance sheet significantly. The transaction settlement is set for October 9, 2020. This divestiture aligns with Danone's health-focused business strategy and commitment to sustainable growth across its diverse product portfolio, which includes essential dairy and plant-based products.
Danone announces the sale of its remaining 6.61% stake in Yakult Honsha Co. Ltd. through an accelerated bookbuilding process. This decision aligns with Danone's commitment to capital allocation discipline and strengthening its balance sheet. Despite this divestment, both companies reaffirm their long-term collaboration on probiotics, including existing partnerships in India and Vietnam. Danone's previous stake was 21.29%, most of which was sold in 2018. Further details regarding the sale's success will be disclosed shortly.
Danone has released a report detailing the total number of shares and voting rights as of September 30, 2020. The company has 686,629,600 shares outstanding, with theoretical voting rights totaling 712,743,160 and exercisable voting rights at 675,901,143. This disclosure complies with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the Financial Markets Authority regulations, ensuring transparency in shareholding thresholds.