DANONE : Danone and Yakult agree on new cooperation framework to replace existing strategic alliance
------------ PRESS RELEASE ------------
Paris, April 26th 2013
Danone and Yakult agree on new cooperation framework
to replace existing strategic alliance
In 2004 Danone and Yakult signed a strategic alliance aimed at strengthening their global leadership in probiotics and accelerating the growth of both companies in the functional food market. Under this alliance several collaboration projects in probiotics research and promotion have been undertaken, as well as commercial joint ventures in India and Vietnam.
As provided for in the alliance, since the end of the first phase in May 2012, discussions on the development of the partnership have taken place in recent months, leading to the termination of the alliance agreement and the signing of a new cooperation framework.
This new framework calls for existing collaborations to be continued, and envisages extending them into areas that are more operational in nature and that offer benefits for both parties. Given the relationship of trust built up over the years, this framework does not contain commitment or limitation regarding Danone's equity interest in Yakult.
Through this new cooperation framework, which opens a new stage in their cooperation, Danone reaffirms its status as a major shareholder and long-term partner of Yakult. In this context three Danone representatives will continue to serve on Yakult's Board of Directors.
Danone is an international company present on all 5 continents. The group holds top positions in healthy food through four businesses: Fresh Dairy Products, Baby Nutrition, Bottled Water, and Medical Nutrition. Its mission is to bring health through food to as many people as possible.
Danone counts over 190 production plants and around 102,000 employees. In 2012, the company generated sales of over €20 billion, of which more than 50% were in emerging countries.
Listed on Euronext Paris, Danone is a component stock of leading social responsibility indexes including the Dow Jones Sustainability Indexes, ASPI Eurozone and the Ethibel Sustainability Index.
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Source: DANONE via Thomson Reuters ONE