for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
Danone Sells Amoy
NEW YORK - Jan 13/06 - SNS -- Danone Asia Pte Ltd, a subsidiary of Groupe Danone S.A. agreed to sell its Amoy businesses to Ajinomoto Co., Inc. for Euros 190 million.
Amoy reported sales of roughly Euros 77 million in 2005. It produces, markets and sells Asian sauces and frozen foods mainly to the Hong Kong, mainland China, US and UK markets under the Amoy brand.
Following the announcement of the divestiture of HP Foods and Lea & Perrins in June 2005, the sale of Amoy marks the completion of the Group’s efforts in refocusing its operations on three core strategic businesses – Fresh Dairy Products, Water and Non-alcoholic Beverages, and Biscuits.
The transaction takes effect as from today. Groupe Danone will book an after tax capital gain in excess of Euros 100 million in its 2006 accounts.
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2008 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |