Bright Food on Yoplait's shortlist - reports

According to global media, the field has narrowed to six players from the original nine, and the shortlist includes Bright Food, which is said to remain the highest bidder of the group. News surfaced last month that it valued the full company at approximately €1.75 billion ($2.4 billion). Yet, media recently indicate that Western-based brands Nestle and General Mills are the favorites to take the stake, with each making a bid in the range of $2.2 billion, Bloomberg reported.

The stake is being sold by French-based PAI Partners, which acquired its 50% share in Yoplait - the world's second-largest yogurt and dairy producer after Danone - in 2002 from French dairy cooperative Sodiaal, which continues to hold a 50% stake. Other players that were reportedly vying for Yoplait were AXA Private Equity, Bain Capital and Lion Capital, as well as Mexican dairy company Grupo Lala and French cheese and dairy producers Bel and Lactalis.

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• Topics
• Buyout
• Greater China
• AXA Private Equity Asia
• Bain Capital Asia