News: Danone SA (DANO.PA)

DANO.PA on Paris Stock Exchange

56.81EUR
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Fri, Jul 18 2014

UPDATE 2-Danone buys Kenyan dairy firm stake to add African markets

* Brookside had 2013 sales of around 130 mln euros (Adds analyst comment, background on family, share move)

Danone buys 40 pct stake in Kenya's Brookside

PARIS, July 18 - French food group Danone said on Friday it was buying a 40 percent stake in Brookside, East Africa's top dairy producer, as part of plans to expand in new markets amid weak growth in Europe and a slowing economy in China.

INVESTMENT FOCUS-European food stocks to savour weak grain prices

* Wheat prices near 4-month lows, corn prices also falling

European shares inch up; Barclays slides on lawsuit

* FTSEurofirst 300 up 0.1 pct, pulls away from 1-month low

BUZZ-Danone shares rise on mounting takeover speculation

** Shares in Danone rise 3 percent, second top gainers on the broad STOXX 600 index.

European shares inch up; Barclays slides on lawsuit

* FTSEurofirst 300 up 0.2 pct, pulls away from 1-month low

UPDATE 2-Danone to close three European dairy plants

* Danone shares outperform CAC-40 index of French blue chips (Adds analyst comments, context)

Danone to close some European dairy plants

PARIS, June 11 - French food group Danone PA> said on Wednesday it planned to close plants in Italy, Germany and Hungary, and cut 325 jobs to cope with falling fresh dairy sales in Europe amid a lasting economic downturn.

France grabs for power over Alstom future with new takeover law

PARIS - The French government gave itself the power to block foreign corporate takeovers in "strategic" sectors on Thursday, throwing up a potential roadblock to General Electric's $16.9 billion bid for Alstom's energy assets.

UPDATE 5-France grabs for power over Alstom future with new takeover law

* Decree allows block on foreign takeovers in some sectors

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