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Eurazeo to cash in Danone bonds early
April 25, 2013 / 7:41 AM / 5 years ago

Eurazeo to cash in Danone bonds early

PARIS, April 25 (Reuters) - Investment group Eurazeo said it plans to redeem exchangeable Danone bonds early following the recent rise in the yoghurt maker’s share price.

The move will lead to a positive impact of 131 million euros ($170.24 million) on pre-tax profit, as well as 4.8 million of dividends on Danone’s 2012 profits, Eurazeo said in a statement on Thursday. ($1 = 0.7695 euros) (Reporting by James Regan; Editing by Lionel Laurent)

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