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DANONE Pursues Serbian Investment
NEW YORK - Aug 30/04 - SNS -- Groupe DANONE has submitted a public offer to acquire part of Serbia's Knjaz Milos.
The Serbian Securities and Exchange Commission approved the offer on Friday 27 August 2004. Other offers have also been submitted and the shareholders of the Company have until 19 September to accept one of the offers.
With sales of around Euro 70 million in 2003, Knjaz Milos is the market leader in Serbia in bottled water with strong brands such as Knjaz Milos and Aqua Viva.
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