Danone SA (DANO.PA)
Latest Key Developments (Source: Significant Developments)
Danone SA:To propose 2015 dividend of 1.60 eur/shr, up 6.7 pct.Expects 3-5 pct like-for-like sales growth in 2016. Full Article
Danone SA:The manager of Danone Nutricia in Ukraine cannot for legal reasons say whether the Ukrainian tax authorities demanded bribes to drop an audit into his business. But he has one word to describe their aims and methods: "Mafia." - RTRS.Though it has been in Ukraine since 2001, the company, a subsidiary of French food group Danone DANO.PA, was handed a 15-20 percent higher tax bill after auditors spent five weeks looking for minor clerical errors in its accounts. - RTRS.Manager Tahsin Yasin said the audit, which the company is contesting, made him realize the government's much-vaunted reforms were off-track, a gloomy prospect for a country battling an economic crash and a separatist war. - RTRS. Full Article
Danone SA:Announces execution of final sale agreement of Dumex in China to Yashili, for total 150 mln euros. Full Article
Danone SA:Says launched 750 million euro bond issue.Says bond issue was priced at mid-swap +67 basis points.Says pays a coupon of 1.25 pct and was widely subscribed by diversified investor base.Says bonds will be listed on Euronext Paris. Full Article
Danone SA:Confirms organic sales growth between 4 percent and 5 percent in 2015.FY 2015 revenue growth of 6.1% - Thomson Reuters I/B/E/S. Full Article
PARIS, May 23 Danone and its Dubai-based private equity partner Abraj will together invest $25 million to expand production capacity at the Fan Milk dairy business in Ghana, the French food group said on Tuesday.